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Shadow fleet tankers remain in recycling limbo as sanctions prevent sales

  • Two very large crude carriers remain anchored off the recycling beaches of Chattogram, Bangladesh with their sale to ship recyclers stalled by sanctions
  • Indian ship recyclers are also taking a more restricted approach in the purchase of shadow fleet vessels

Ageing VLCCs Artemis III and Itaugua are stranded off the coast of Bangladesh as local letter of credit transacting banks are unwilling to negotiate on tonnage in violation of international laws

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