‘Shadow fleet’ ships moving sanctioned oil reflagged to Russia at rising rate
AI Summary
A growing number of ships involved in transporting sanctioned oil, often referred to as a "shadow fleet," have been reflagged to Russia. Lloyd's List Intelligence reports a surge in these re-registrations, particularly after Donald Trump's announcement of a US "blockade" of sanctioned oil tankers. In 2023, 40 ships were reflagged to Russia, with at least 17 in the last month of the year. The move is seen as an attempt to gain Kremlin protection from potential US seizure. The US military has recently seized multiple tankers, including the Marinera and M/T Sophia, carrying Venezuelan oil, despite attempts to evade intervention through false flags, including a Russian flag. As of October, Lloyd's List Intelligence estimates the shadow fleet to consist of 1,423 ships suspected of moving sanctioned goods for Russia, Iran, and Venezuela.
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