Fake Signals and American Insurance: How a Dark Fleet Moves #Russian #Oil
The New York Times tracked #oiltankers faking their location as they ignore #sanctions but keep insurance that is contingent on following the sanctions
https://www.nytimes.com/interactive/2023/05/30/world/asia/russia-oil-ships-sanctions.html?unlocked_article_code=bSHwhToinI_sFd5md1QhFJLqtSyswhuKYQkgBnk9yiJUxiJghJiu6WiRIxYnqFxOKqZE94ek2pZqe2GTxxG6ORfoJRTSUbCS79oLIR3cVL738NaAdSRB8xOJHL2eG19QhufW3zwPL9d2UUuwsLiBFttqGaQJ9dHhiWMlC2i1KZhNiOIpVLZ1hupDDTDT_ccX-1ggiRx6p7dd_Q97ghuSGcJzI77b0rqR6rdpD_R6AihXc-mMgdmNg9FSwaQMUx5XkTz3MV-1ULzc3FnQZgpcK2Uf2G5YbnakQXzqKuWvFuMctbGVV13nd4w7hDY779lNjKAKo4L58kd6pCHtL2dS5nK0G7FMPjI1zIA4fb11Jf874H_8NBno&smid=url-share

Two years ago Gatik Ship Management owned just two #oiltankers, now its has 58 vessels.

How's it grown so fast?

Well if I tell you that over 75% of its cargo is #Russian oil avoiding various sanctions I think you'll get the picture.

Based in #India, no longer using mainstream #shipping #insurance with many ship registered by single ship 'divisions' of the firm, its ownership & operations are murky

If you wondered how Russia was surviving #economicsanctions; you can always sell oil!

ht/FT

🌏💫 GOOD NEWS! 💫 🌏

The United Nations has purchased a ship to remove oil from a tanker on the coast of Yemen.

The UN had warned of the risk of a spill for years, appealing for a ship donation or loan. The ship is to transfer 1.1 million barrels of oil from a moored tanker off Yemen's coast left in limbo by the war onshore.

#UnitedNations #UN #VN #VerenigdeNaties #Oil #OilTankers #OilSpill #Jemen #Yemen

https://www.dw.com/en/un-purchases-tanker-to-prevent-yemen-oil-spill/a-64938666?mobileApp=true