Dark fleet bigger "problem" than shipping acknowledges

Russia continues to find markets for its sanctioned oil as the bifurcation of shipping widens, writes Joshua Minchin of Lloyd's List

The dark fleet* "problem" is even worse than shipping acknowledges, according to Cargill president of ocean transportation Jan Dieleman. Speaking during the first panel session at the recent Nor-Shipping event, Dieleman highlighted the potential "devastating" side effects of sanctions, referring to the growing fleet of often elderly and poorly maintained tankers serving oil trades from Russia and Iran in particular.