The recent collision between two oil tankers off Singapore on July 19 has brought attention to the risks associated with a growing number of vessels known as the ‘dark fleet’. These vessels engage in illicit practices to avoid detection while transporting oil from sanctioned countries on long and sometimes indirect routes.
While the majority of Asian countries did not participate in the West’s sanctions against Russian oil, they are still expected to comply with them. This means that the ‘dark fleet’ of oil tankers operating in the region may face increased scrutiny and regulation.
The increase in the number of oil tankers employing these shady practices raises concerns about the potential for maritime disasters and environmental damage. These vessels often operate outside of the law, making it difficult to track their movements and ensure compliance with safety regulations.
Vandana Hari, founder of Vanda Insights, a Singapore-based global energy market intelligence provider, highlights the need for greater transparency and accountability in the maritime shipping industry. By bringing Russian oil shipping out of the shadows and into the light, the industry can better regulate and monitor the movement of oil tankers in the region.
In order to prevent future maritime disasters and protect the environment, it is crucial for authorities to crack down on the ‘dark fleet’ of oil tankers operating in Asia. By implementing stricter regulations and increasing oversight, the industry can mitigate the risks associated with these illicit practices and ensure the safe transport of oil across the region.
The recent collision serves as a stark reminder of the dangers posed by unregulated and illegal activities in the maritime shipping industry. It is imperative for governments and industry stakeholders to work together to address these risks and prevent future incidents that could have devastating consequences for the environment and local communities.
By shining a light on the ‘dark fleet’ of oil tankers in Asia and taking decisive action to regulate their activities, we can help prevent maritime disasters and protect our oceans for future generations. It is time for the industry to come together and address these challenges head-on to ensure the safe and sustainable transport of oil in the region.