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According to the report, Russia's shadow fleet, assembled to circumvent Western sanctions, is rapidly aging: many tankers have reached the end of their useful life and are being scrapped before they can break even. Their owners are forced to seek illegal disposal methods and sell the vessels at steep discounts. In fact, floating scrap metal is becoming real, undermining the stability of the entire parallel logistics of exporting sanctioned oil.
The report also stated that vessels are owned by small companies that lack the resources to upgrade their fleets. Atlantic Council expert Elizabeth Brough, in a column for Politico, notes that such tankers are often on their last legs and receive only minimal maintenance. After several years of shady use, they eventually fail.
The report added that this month, the dismantling of the Eagle S tanker, which became known after an incident in the Gulf of Finland, began in the Turkish port of Aliaga. A year ago, the vessel's anchor damaged several underwater cables, and Finnish authorities discovered suspicious equipment on board. The Cook Islands-flagged tanker, which had been in service for 19 years, had been transporting Russian oil since 2023. It is now being scrapped, like many of its colleagues, in the shadow fleet. S&P Global estimates the shadow fleet involved in transporting Russian oil at 561 vessels with a deadweight of approximately 50 million tons.
The report also stated that vessels are owned by small companies that lack the resources to upgrade their fleets. Atlantic Council expert Elizabeth Brough, in a column for Politico, notes that such tankers are often on their last legs and receive only minimal maintenance. After several years of shady use, they eventually fail.
The report added that this month, the dismantling of the Eagle S tanker, which became known after an incident in the Gulf of Finland, began in the Turkish port of Aliaga. A year ago, the vessel's anchor damaged several underwater cables, and Finnish authorities discovered suspicious equipment on board. The Cook Islands-flagged tanker, which had been in service for 19 years, had been transporting Russian oil since 2023. It is now being scrapped, like many of its colleagues, in the shadow fleet. S&P Global estimates the shadow fleet involved in transporting Russian oil at 561 vessels with a deadweight of approximately 50 million tons.
