By Jonathan Saul (Reuters) – UK-based maritime company Fleetscape is investigating the possible transfer of Iranian oil to a tanker it finances, the Oaktree Capital Management-backed firm said after allegations by a U.S..
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The strategically extremely important Fujairah oil hub continues to expand as the UAE is looking to minimize risks in case of a blockade of the Strait of Hormuz
Technology to hide a ship’s location previously available only to the world’s militaries is spreading fast through the global maritime industry, as governments from Iran to Venezuela and the rogue shipping companies they depend on to move their petroleum products look for stealthier ways to circumvent US sanctions.
Windward, a maritime intelligence company whose data is used by the US government to investigate sanctions violations, said that since January 2020, it has detected more than 200 vessels involved in more than 350 incidents in which they appear to have electronically manipulated their GPS location.
“This is out of hand right