Three tankers with unclear ownership arrive at Alang as EU sanctions on Russian oil tighten, impacting the dark fleet's employment opportunities.
At least three tankers with unclear ownership have arrived off Alang this year as sanctions narrow employment opportunities for the dark fleet, reports the UK's Seatrade Maritime News.
The European Union has sanctioned a further 43 shadow fleet tankers carrying Russian oil, bringing the total to 640 vessels. The new full maritime services ban replaces oil price caps introduced in late 2022, further restricting opportunities for sanctioned ships.
Uncertainty remains over India's stance on Russian crude. US Secretary of State Marco Rubio stated at the Munich Security Conference that India had committed to stop buying Russian oil, though the country has previously emphasized energy security as its priority.
The identity of the three tankers off Alang is unclear. They are thought to include the 1993-built Suezmax Woodchip under Gambia's flag, the 106,550-dwt Bodhi built in 1997 under Cameroon's flag, and the 1999-built product tanker Global Star under Tonga's flag.
Recycling markets remain weak, though analysts say Bangladesh's election outcome could boost demand for steel. The Bangladesh Ship Breakers and Recyclers Association has adopted the International Ready for Recycling Certificate, requiring disclosure of hazardous materials on board.
GMS, the world's largest cash buyer of end-of-life ships, reported that Pakistan leads prices at about US$450 per ldt for container ships, $440 for tankers, and $430 for bulkers. Bangladesh trails by $10-20, while Indian prices are down another US$10.
Aliaga in Turkey has gained ground as an option avoiding Basel Convention requirements, though prices are lower at $290, $280, and $270 respectively.
