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S&P of Tankers: Trends and Facts in 2024 and 2025
Tanker Sales Decline in 2024 Amid High Asset Prices In 2024, the tanker sale and purchase market witnessed subdued activity, primarily due to elevated asset prices deterring investors. Data indicates that the number of tanker sales for vessels above 10,000 deadweight tonnage (dwt) stood at 337, marking a 34% decrease compared to previous years. This […]
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The Shadow Fleet Under Scrutiny: G7’s Struggle to Curb Sanctions Evasion
The «shadow fleet,» a network of tankers now numbering in the hundreds, has swiftly emerged as a consequence of the G7’s price-cap policy aimed at curbing Russia’s oil revenues. With restrictions limiting Russia’s ability to sell crude oil at market rates, a sophisticated system of covert shipping operations has arisen to sidestep these sanctions, posing […]