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Russia’s Foreign Ministry has denounced European Union detentions of tankers in the Baltic Sea as hostile provocations, escalating tensions over the bloc’s crackdown on Moscow’s sanctions-evading shadow fleet.
The US Treasury sanctioned Piraeus- and Panama-based law firm Karnakis and Karnakis for allegedly setting up shell companies to hide ownership of Iranian shadow fleet tankers, while FinCEN issued a subpoena targeting an unnamed Greek bank over possible Iran-related financial ties.
Greek owners pushed billions into new listings and newbuildings even as drone strikes in the Black Sea, a cyber extortion threat and a record-ageing fleet exposed the risks shadowing a buoyant market.
The French Navy boarded the sanctioned Russia-linked tanker DF Peak on the high seas more than 450 nautical miles south of Réunion Island over suspicions of false flagging and illicit fuel transport.
The US Treasury’s Office of Foreign Assets Control has pulled licenses that allowed American maritime service providers to bunker and repair vessels involved in Iranian trade, deepening the sanctions campaign known as Operation Economic Outcast.
A coalition of 18 leading maritime nations, including Greece, issued its first public statement in more than 60 years warning that wars, chokepoint disruptions and an expanding shadow fleet are creating a two-tier system that threatens the rules-based order underpinning global shipping.
Sanctions, a growing shadow fleet and geopolitical tensions are redrawing global maritime trade routes, pushing compliance to the center of decision-making for Greek shipowners.
Two supertankers and an LNG carrier exited the Strait of Hormuz with AIS switched off before heading to India and China, a tracking gap tied to the growing shadow fleet.
The global dark fleet has swelled past 1,300 tankers as Washington blockades Venezuela’s sanctioned oil trade and seizes the tanker Marinera.
