
Global rise in abandoned oil tankers leaves crews stranded and regulators exposed
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Tanker freight explodes as sanctions and route shifts deepen a vessel squeeze
Global crude shipping costs have jumped sharply into 2026 as sanctions, rerouted flows from Venezuela and Russia, and extended voyage distances tighten tanker availability. The squeeze has pushed benchmark freight indicators and VLCC charter fees to multi-year highs, benefiting owners while keeping refiners and supply chains under pressure.
Sanctioned Tankers Arrive at Alang, Forcing Indian Scrapyards to Absorb Dark Ships
Three vessels subject to U.S. sanctions reached India’s Alang ship-breaking hub within a single month, marking an early-year uptick in scrapyard acceptance of so-called dark ships. The trend eases pressure on struggling breakers but raises legal and reputational exposure for yards and intermediaries handling sanctioned tonnage.

Singapore urges coordinated global response to shadow fleet risk
Singapore has called for stronger international coordination to identify and curb a growing set of commercial vessels operating outside normal regulatory and transparency norms. The city-state warned that those shadow operations pose systemic risks to maritime security, sanctions enforcement and supply-chain resilience, and urged practical steps like data sharing and tighter oversight.
Sanctions on Russian and Iranian Oil Tighten Global Crude Market, Traders Say
Traders and refiners say heightened enforcement and commercial avoidance of Russian and Iranian cargoes have shrunk the pool of readily tradable barrels, pushing demand onto unconstrained grades and lifting benchmark crude. The dislocation is amplified by rising freight and insurance costs as tonnage is repurposed and voyages lengthen, boosting returns for shipowners and traders while raising feedstock costs for refiners.

Sinokor’s tanker buying spree tightens global VLCC market
Sinokor’s rapid acquisitions and time‑charters—tied through transactions to an entity linked with Gianluigi Aponte—have concentrated control of about 120 VLCCs , removing a large share of immediately hireable tonnage and helping push benchmark earnings above $120,000/day . That private consolidation is amplifying a wider, geopolitically driven tonne‑mile shock (longer voyages, redirected cargoes and floating storage), extending spot‑rate volatility into 2026 and lifting second‑hand values and newbuilding appetite.

U.S.-flagged Tanker Confronted by Iranian Gunboats in Strait of Hormuz; Tehran Denies Incident
A U.S.-flagged tanker reported an encounter with multiple small armed Iranian vessels in the Strait of Hormuz and continued its transit under escort from a U.S. warship. Iranian state-linked outlets dispute the account, saying the ship entered Iranian waters, leaving verification unresolved amid heightened regional tensions and recent related incidents.

U.S. container traffic stalls as global trade routes pivot
After a pandemic-driven surge, growth in U.S. container volumes has essentially stopped as carriers and shippers reconfigure routes and cargo flows elsewhere. The shift reduces demand for U.S. port services, strains terminal economics and forces logistics players to reassess capacity and investment plans.
Hidden lifelines from orbit to ocean floor face growing security and regulatory shortfalls
Experts at a global forum warned that the satellites above and cables below are increasingly fragile points of failure for modern society, with technological expansion outpacing governance and security. Without accelerated investment in resilience, coordinated regulation and basic cybersecurity hygiene, routine services and critical functions face rising systemic risk.