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Growing armada shipping sanctioned oil burns dirty fuel in a setback for clean-up efforts

The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to. -May 29, 2024 at 01:03 am EDT - MarketScreener

Growing Armada Shipping Sanctioned Oil Burns Dirty Fuel in a Setback for Clean-Up Efforts

Growing Armada Shipping Sanctioned Oil Burns Dirty Fuel in a Setback for Clean-Up Efforts
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The Shadow Fleet: Impact of Sanctioned Oil Tankers on Emissions and Regulations

The shadow fleet of tankers transporting sanctioned Iranian, Venezuelan, and Russian oil hinders efforts to reduce shipping emissions by using non-compliant, cheaper fuels. The growing fleet circumvents sanctions through deceptive practices, raising concerns about environmental impacts, safety, and regulatory enforcement. Authorities struggle to monitor and control these tankers effectively.

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