Hormuz crisis sees shadow gas carriers go mainstream
- Non-sanctioned VLGCs with a history of shipping Iranian LPG appear to have lifted non-Iranian cargoes in recent weeks
- Few mainstream owners willing to run the Hormuz gauntlet due to Iranian threat to shipping
- Shadow fleet operators that have managed to evade being sanctioned by Ofac have been able to capitalise on the shortage and lift non-sanctioned gas in a rare return to mainstream trades
Well versed in the high-risk side of shipping, some shadow fleet operators are sending their gas carriers through Hormuz to lift cargoes from the UAE and Qatar, marking a rare — if temporary — return to the mainstream
