Shadow Fleet
Russia Ships Record Crude as Refinery Strikes Backfire
Ukrainian drone campaign forces Moscow to export raw crude at highest volumes since 2022, exposing critical flaw in Western sanctions strategy.
Russia’s Shadow Fleet: 600 Aging Tankers Create Billion-Dollar Reinsurance Black Hole
With 60% uninsured and average age exceeding 25 years, vessels circumventing sanctions pose converging environmental and systemic financial risks as enforcement gaps leave liability unhedged.
Russia’s LNG Shadow Fleet Mirrors Iran Playbook as Sanctions Enforcement Gaps Widen
Four newly reflagged tankers heading to Arctic LNG 2 expose critical weaknesses in US secondary sanctions architecture, enabling Moscow to sustain energy revenues despite Western restrictions.
US Sanctions Iran Shadow Fleet Amid Active War, Oil Revenue Model Under Fire
Treasury designations target petroleum networks funding IRGC-QF as military conflict closes Strait of Hormuz and crude prices breach $90.
Italy Weighs Port Access for Damaged Russian LNG Tanker Drifting in Mediterranean
The Arctic Metagaz incident forces Rome to balance maritime safety obligations with EU sanctions enforcement as energy security concerns collide with legal compliance.
Ukrainian Drones Sink Russian LNG Tanker in Mediterranean, Escalating Shadow Fleet Campaign
The Arctic Metagaz — a sanctioned vessel hauling Arctic gas — exploded and sank 130 nautical miles north of Libya after what Moscow calls a drone attack from the Libyan coast.