Rogue ships evade sanctions through risky operations impacting oil trade in Russia. Dark fleet raises concerns about environmental hazards and crew safety. Challenges faced by navies in preventing illicit activities by older vessels with unclear ownership. International Maritime Organisation's effectiveness in tackling the issue questioned.
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Quick takeaways
Rogue ships evade sanctions by concealing operations, posing environmental risks.
Lack of effective regulation allows shadow fleet to grow, endangering marine safety.
Deep dives
The Impact of Rogue Ships on Sanctions
There is a rising issue of rogue ships evading international sanctions meant to control trade with countries like Russia and Iran. These older vessels with unclear ownership try to bypass the law by concealing their operations. Around 12% of tankers, approximately 455 ships, are considered part of this illicit 'Dark Fleet,' which has doubled in the last 18 months.
Challenges and Complexity of Economic Sanctions
Economic sanctions targeting countries like Iran, North Korea, and Russia have become increasingly intricate and numerous. Western nations enforce various sanctions, including price cap compliance on Russian oil exports. Despite these measures, over 95% of Russian oil is reportedly sold above the price cap, undermining the aim of limiting revenue for military activities.
Enforcement and Safety Concerns
The presence of a shadow fleet not only challenges international sanctions but also poses risks to the marine environment and safety. With inadequate insurance coverage, incidents like tanker explosions can occur, endangering lives and causing environmental damage. Amidst calls for stronger actions against these rogue ships, concerns about compromised safety standards within the shipping industry and the potential for accidents loom large.
A shadow fleet of old and poorly maintained ships is cruising the high seas, often hiding their true identities through a series of shell companies.
Their numbers have grown massively since Russia’s full-scale invasion of Ukraine.
Lloyd’s List estimates as many as 12% of tankers are part of the dark fleet.
There’s increasing concern about the danger to the environment, and to ship’s crews. But how effective at tackling the problem is the regulator, the International Maritime Organisation?