The Shadow Fleet
A nine-month collaboration traced more than 600 ageing tankers moving sanctioned crude under flags of convenience — and named the insurers, brokers and ports that keep the trade afloat.
What changed
- Two governments expanded sanctions to cover more than 90 newly identified vessels.
- A leading protection-and-indemnity insurer dropped cover for 40 ships after their ownership was exposed.
- Port authorities in three countries opened inspections of flagged-out tankers.
- A parliamentary committee summoned regulators to explain enforcement gaps.


