The New ‘Wild West’ In Oil Shipping ...Middle East

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The New ‘Wild West’ In Oil Shipping
source : OILPRICE ( Middle East ) () 38
The Russian invasion of Ukraine has not only led to an increase in the shipment of sanctioned crude oil and petroleum products by a shadow fleet, but it is also escalating overall maritime security risks. A report by consultancy Vortexa indicates a renewed increase in Greek-owned vessels transporting sanctioned Russian crudes and products. Simultaneously, tanker experts are warning of a Wild West situation in maritime traffic, as a shadow fleet of uninsured tankers is sailing in international waters. Reuters reports that maritime security is under…

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