“Shadow Fleet” for Oil Smuggling

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Transcript

00:00oil moving in secrecy without an identity that in short is the so-called shadow fleet it has

00:09returned to the spotlight after the united states announced the seizure of two oil tankers in the

00:14caribbean sea saying that one of them was carrying nearly two million barrels of venezuelan oil

00:21these vessels are often old and poorly maintained with opaque ownership structures they are designed

00:27to conceal any trace of the oil's origin even changing their names and flags in an effort to

00:33evade international sanctions they go further by switching off tracking systems or falsifying their

00:39locations to appear far from their actual roots oil is also frequently transferred from one ship to

00:46another at sea making it even harder to track experts estimate that such vessels make up around

00:52twenty percent of the world's oil tanker fleet forming a silent smuggling network

00:56that finances sanctioned states and activities far from the public eye