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Strait of Hormuz crisis Sanctions Tankers and Gas

Shadow fleet VLCC finds legitimate path to compliant market in Gulf trade

  • Demand for risk-tolerant tankers makes previously unemployable shadow fleet ships a viable option to lift mainstream cargo
  • Relatively low risk of sanctions repercussions from the US for those engaging ‘clean’ shadow fleet tankers
  • Middle East Gulf trade can be extremely profitable for shadow fleet owners given elevated rates

  • News

A 26-year-old VLCC previously engaged in Venezuela operations has become the latest shadow fleet tanker to revert to mainstream trades as the Hormuz crisis fuels demand for ‘risk tolerant’ tankers

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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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