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Risk and Compliance Week in Charts Red Sea Risk

The week in charts: Flag hopping accelerates as shadow fleet matures | Ofac sanctions hit Iranian LPG shadow fleet | Carriers will need convincing before Red Sea return

  • Over 70% of ships sanctioned this year have reflagged. More than 20% have reflagged twice and 7% three times or more
  • Largest Ofac targeting of Iran’s LPG fleet ensnares about 14 LPG carriers, including 11 very large gas carriers, about a fifth of all Iran-linked VLGCs
  • Analysts admit there is a long way to go before vessels return to the Red Sea en masse

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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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