Hundreds of ships carry oil from sanctioned nations Iran, Russia, and Venezuela, stirring fears of accidents.
LONDON, United Kingdom – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control.
Many leading certification providers and engine makers that approve seaworthiness and safety have withdrawn their services from ships carrying oil from sanctioned Iran, Russia, and Venezuela, as have a host of insurers, meaning there’s less oversight of vessels carrying the flammable cargoes. None of the eight incidents caused any injuries or significant pollution. Some executives are worried, though.
“Our data shows that it has now reached around 650 units,” said Andrea Olivi, head of wet freight at commodity trader Trafigura, which estimates that two-thirds of that number are crude tankers. Some cautioned that the size of the shadow fleet was becoming more difficult to gauge given the complex layers of compliance around sanctions on Russian oil, which is banned from many Western ports andReuters was unable to independently verify the numbers regarding the size and growth of the shadow fleet.
The Linda I was also in contravention of UN pollution regulations by not having an exhaust gas cleaning system, or scrubber, while using high-sulfur marine fuel, said the Merchant Fleet, which fined the ship 80,000 euros and detained it from November 2 to December 27 while its faults were fixed.
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