Russian President Vladimir Putin Using Shadow Fleet To Transport Oil | Russia Ukraine War Updates
There are just enough ships in the so-called “shadow fleet” for Russia to maintain its crude exports at current levels, BRS Group said.
The French shipbroker said that it counts 1,027 tankers, 503 of which are over 51,000 dwt, moving sanctioned cargoes worldwide, enough ships to keep exports up but still tight overall.
“Considering the fleet capacity, we believe that if anything will hinder Russia’s crude exports post-5 December, it will be Russia finding sufficient non-OECD buyers to replace the 1.4m barrels per day currently purchased by European refiners,” BRS Group said.
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