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The Era of Quiet Tolerance May Be Ending for Iran’s Dark Fleet
Iran’s oil exports slipped modestly in January, but the data points to durability rather than decline. A mature dark fleet ecosystem continues to move crude through opaque networks, with activity increasingly concentrated in Malaysian waters even as U.S. sanctions enforcement expands across new regions.
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TEN CEO: Shadow Fleet Crunch Has Pushed Tanker Rates to Rare Levels
Tsakos Energy Navigation CEO Dr. Nikos Tsakos says geopolitical turmoil and the rapid expansion of shadow tanker trading have created a severe shortage of high-quality vessels, pushing charter rates to levels rarely seen in the industry. Speaking during a recent investor presentation, Tsakos said nearly a third of the global tanker fleet has been sidelined by sanctions, leaving oil majors scrambling for compliant tonnage and reshaping global energy trade routes.