Stay updated with breaking news from Halvor Ellefsen. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
An armada of tankers ferrying sanctioned oil around the globe is starting to get younger, bucking a months-long trend of using the world's oldest and most
An armada of tankers ferrying sanctioned oil around the globe is starting to get younger.
Shortly after President Vladimir Putins invasion of Ukraine early last year, hundreds of aging tankers were snapped up by a cohort of faceless traders, intermediaries and investors to keep Russian oil flowing. By some estimates, the purchases, which added to vessels that were already transporting crude for Venezuela and Iran, created a more than 900-strong dark fleet.
(Bloomberg) -- An armada of tankers ferrying sanctioned oil around the globe is starting to get younger, bucking a months-long trend of using the world’s oldest and most dangerous vessels.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthChina’s Economic Woes Are Multiplying — and Xi Jinping Has No Easy FixPutin’
The cost of shipping oil from Nigeria surged the most in more than a year at the end of a week in which some owners were said to be...