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Sanctions Tankers and Gas VLCC

Iran and Venezuela are the shadow fleet’s top recruiters

  • Nine new entrants identified in October
  • China and Hong Kong top hosts for shadow fleet’s corporate shells
  • 809,722 dwt capacity added, with 425,188 dwt worth of tonnage lost after three ships scrapped

  • Analysis

Sanctioned crude barrels in floating storage are at an all-time high while there is less non-designated tonnage available, which is putting pressure on Iran and Venezuela to replenish vessel supply to keep up their exports

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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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