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Global oil-shipping routes

2 developments across 1 briefing for this place.

2Developments
1Source reports
2025-01-15First seen
2025-01-15Last seen
Evidence mix2 developments
Erik’s assessment1Unverified1
Countries
Multiple countries
Categories
Energy and resources, Maritime security

Latest linked intelligence

Higher shipping rates are indicating that traders temporarily shifted away from sanctioned vessels, increasing demand for alternatives, but grey and black markets will develop workarounds.

Assessment development · updated through

Latest directly linked development
Global oil-shipping routesErik’s assessment

Traders temporarily avoided sanctioned tankers

Higher shipping rates are indicating that traders temporarily shifted away from sanctioned vessels, increasing demand for alternatives, but grey and black markets will develop workarounds.

Open source report

Chronology

Development timeline

  1. Traders temporarily avoided sanctioned tankers

    Erik’s assessmentEnergy and resourcesGlobal oil-shipping routes

    The sharp rise in shipping rates suggests traders have - at least temporarily - stopped doing business with the sanctioned vessels, driving up competition and rates for non-sanctioned alternatives.

    Higher shipping rates are indicating that traders temporarily shifted away from sanctioned vessels, increasing demand for alternatives, but grey and black markets will develop workarounds.

    Open source report

  2. Sanctions cover a minority of shadow-fleet tankers

    UnverifiedMaritime securityGlobal oil-shipping routes

    The current sanctions only cover an estimated 35% of the ~670 tankers thought to be involved in shipping sanctioned (Russian, Venezuelan, or Iranian) oil anyway.

    Current sanctions cover about 35% of roughly 670 tankers believed to transport sanctioned Russian, Venezuelan or Iranian oil.

    Open source report