The expansion of the global shadow tanker fleet has slowed its growth in 2025 as intensified Western sanctions target Russia's oil exports, Reuters reports.
Only dozens of tankers joined the fleet this year, compared to hundreds in prior years. The fleet now numbers between 1,200 and 1,600 vessels, roughly one-fifth of the global tanker fleet.
Over 440 tankers linked to Russia face sanctions from the EU, UK, and US, complicating Moscow's oil shipments to China and India.
The shadow fleet - also used by Venezuela and Iran - typically comprises older vessels with opaque ownership and limited insurance coverage, operating outside mainstream maritime standards.
Analysts say regulatory scrutiny and compliance checks have slowed second-hand ship sales, curbing fleet growth. Smaller coastal tankers used by Russia are not included in the estimates.
Despite risks, some operators are drawn by potential profits. However, major shipping firms are steering clear, leaving the space to less experienced players using uninsured, aging vessels
SeaNews Turkey
Only dozens of tankers joined the fleet this year, compared to hundreds in prior years. The fleet now numbers between 1,200 and 1,600 vessels, roughly one-fifth of the global tanker fleet.
Over 440 tankers linked to Russia face sanctions from the EU, UK, and US, complicating Moscow's oil shipments to China and India.
The shadow fleet - also used by Venezuela and Iran - typically comprises older vessels with opaque ownership and limited insurance coverage, operating outside mainstream maritime standards.
Analysts say regulatory scrutiny and compliance checks have slowed second-hand ship sales, curbing fleet growth. Smaller coastal tankers used by Russia are not included in the estimates.
Despite risks, some operators are drawn by potential profits. However, major shipping firms are steering clear, leaving the space to less experienced players using uninsured, aging vessels
SeaNews Turkey
