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Red Sea Risk Risk and Compliance Tankers and Gas

Shadow fleet playing growing role in Houthi oil trade

  • Houthis rely nearly exclusively on tankers that constitute part of the so-called shadow fleet for their oil and LPG imports
  • Queue of vessels anchored off Ras Isa rebounded sharply after dissipating in early July
  • Ras Isa port has been undergoing expansion, likely to increase capacity and alleviate bottlenecks

  • Analysis

The so-called shadow fleet of tankers serving sanctioned oil trades is playing a growing role in delivering oil and LPG to the Houthis amid tightening US prohibitions and designations

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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