How the shadow fleet is capitalising on the chaos of war

Date:

Share post:


December 2022

The Strateg, originally named Melodia and sailing under the Marshall Islands flag, is part of a fleet exporting crude oil from Russia

June 2023

The ship is renamed Li Bai and changes its flag to Panama

2024

It makes calls to Russian ports where oil consistently breaches the $60 price cap

January 2025

The vessel is placed under sanctions by the US

February 2025

Renamed Azuron and registered under a false Guyana flag

April 2025

Renamed Danshui and registered under a false Comoros flag

May 2025

Sanctions imposed by the EU

July 2025

Sanctions imposed by the UK

Registered under a false Benin flag

December 2025

The vessel, now in effect stateless, is reportedly sold to Russian buyers. Photographs show it entering the Bosphorus Strait with a freshly painted Cyrillic name, Strateg, and flying the Russian flag

February 2026

FT analysis of ship tracking data and satellite imagery analysis shows the Strateg engaging in ship-to-ship transfers with other vessels under sanctions near the Suez Canal

March 2026

The vessel is en route to deliver crude to the Vadinar refinery on India’s west coast, a facility backed by Russia’s state oil company

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Warren Buffett tells CNBC it's not the ideal environment to invest Berkshire's record cash hoard

CNBC’s Becky Quick sits down with Berkshire Hathaway Chair Warren Buffett at the 2026 Berkshire Hathaway annual meeting....

Markets Don’t Just Price Risk—They Price Waiting

What return do investors require to finance years of pre-revenue uncertainty? Traditional valuation frameworks offer limited guidance...

Last Month, Salesforce Announced It Hit $1.2 Billion in AI Revenue—Now It’s Laying Off Staff Tied to the Product

The cuts come less than two weeks after the company’s CEO said AI was helping Salesforce increase...

Rents fall as new completions surge and demand slows, but rebound expected: CMHC

Canada’s housing agency says rental prices have fallen amid an influx of new completions and slower population...