--- title: Shadow fleet and sanctions in focus description: "Les événements récents ont attiré une attention renouvelée. Cette semaine, le Royaume-Uni a sanctionné 100 navires, suivi par l'UE avec 189 de plus, ciblant désormais plus de 340 navires impliqués dans le commerce gris. Parallèlement, les tensions géopolitiques se sont intensifiées dans la Baltique, où l'Estonie a tenté de bloquer un navire fantôme en route vers la Russie.\n\nAvec le renforcement des mesures d'application et l'évolution des dynamiques politiques, l'avenir de la flotte fantôme est un élément crucial pour les fondamentaux du marché.\n\nQuelles évolutions sont envisageables à l'avenir ?\n\nDivers scénarios pourraient redéfinir le rôle de la flotte fantôme :" image: https://blog.maritimefinance.ch/hubfs/W21_article_2-1.jpg --- [![EMF](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/EMF.png)](https://maritimefinance.ch/fr) - [ABOUT](https://maritimefinance.ch/about-us/) - [OUR FLEET](https://maritimefinance.ch/our-fleet/) - [PAST PERFORMANCE](https://maritimefinance.ch/past-performance/) - [INVESTMENTS](https://maritimefinance.ch/investments/) - [MARKET NEWS](https://blog.maritimefinance.ch/en/marketreportweekly) - [GLOBAL NEWS](https://maritimefinance.ch/global-news/) - [CONTACT US](https://maritimefinance.ch/contact-us/) - [ABOUT](https://maritimefinance.ch/about-us/) - [OUR FLEET](https://maritimefinance.ch/our-fleet/) - [PAST PERFORMANCE](https://maritimefinance.ch/past-performance/) - [INVESTMENTS](https://maritimefinance.ch/investments/) - [MARKET NEWS](https://blog.maritimefinance.ch/en/marketreportweekly) - [GLOBAL NEWS](https://maritimefinance.ch/global-news/) - [CONTACT US](https://maritimefinance.ch/contact-us/) [![fr_FR](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/fr_FR.png)](https://blog.maritimefinance.ch/marketreportweekly?hsLang=en) [![en_GB](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/en_GB.png)](https://blog.maritimefinance.ch/en/marketreportweekly) [![fr_FR](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/fr_FR.png)](https://blog.maritimefinance.ch/marketreportweekly?hsLang=en) ![Shadow fleet and sanctions in focus](https://blog.maritimefinance.ch/hubfs/W21_article_2-1.jpg) # Shadow fleet and sanctions in focus - Home - [blog](https://blog.maritimefinance.ch/en/marketreportweekly) - Shadow fleet and sanctions in focus 05/26/2025 [Tanker Update](https://blog.maritimefinance.ch/en/marketreportweekly/tag/tanker-update) 1 Minutes ![W21_article_2-1](https://blog.maritimefinance.ch/hs-fs/hubfs/W21_article_2-1.jpg?width=685&height=441&name=W21_article_2-1.jpg) Recent developments have garnered renewed attention. This week, the UK imposed sanctions on 100 ships, followed by the EU with an additional 189, now targeting over 340 vessels involved in the grey trade. Meanwhile, geopolitical tensions have escalated in the Baltic, where Estonia attempted to block a phantom ship heading to Russia. With the tightening of enforcement measures and shifting political dynamics, the future of the phantom fleet is a critical factor for market fundamentals. What future developments are possible? Various scenarios could reshape the role of the phantom fleet: - U.S.-Iran Agreement: A nuclear deal could bring Iranian oil back into legitimate trade, thereby reducing the demand for the phantom fleet and subsequently increasing the demand for compliant tankers to take over this trade. - End of the Russia/Ukraine war: Although unlikely in the short term, a relaxation of sanctions would lead to a shift in volumes towards the compliant fleet, as Russian crude and product exports would be replaced by compliant tonnage. - No significant change: The activity of the phantom fleet would continue, but it would face increasing regulatory pressure and heightened operational risk. What would be the consequences of lifting the sanctions? A peace agreement between Russia and Ukraine and/or a de-escalation between the United States and Iran would lead to several repercussions. These developments are crucial: - A significant portion of the phantom fleet—especially the older vessels—would likely exit the market. - This would tighten the supply of the compliant fleet and could potentially drive up freight rates. - Depending on where Iranian oil exports are directed, demand could increase by 40 to 100 Suezmax equivalents, particularly if trade shifts towards Asia and Europe. - The demand for new builds could rise, particularly in the crude segments. - Some newer phantom ships might re-enter traditional trade. - The transition could lead to a more robust pricing environment and more stable and transparent market conditions. In conclusion: The compliant fleet is poised to reap the benefits The phantom fleet has become a pivotal component of global oil transportation, yet its future is closely tied to international political dynamics. Whether through the lifting of sanctions or the strengthening of enforcement measures, its role is likely to undergo significant changes. This primarily results in increased risk for the compliant market, a tighter supply, and higher freight rates. ![Art 2 graf](https://blog.maritimefinance.ch/hs-fs/hubfs/Art%202%20graf.jpg?width=375&height=462&name=Art%202%20graf.jpg) Sources: Clarksons, Tradewinds, Splash24/7 --- #### Tag: [Tanker Update](https://blog.maritimefinance.ch/en/marketreportweekly/tag/tanker-update) #### Share: - [Follow us on Facebook](http://www.facebook.com/share.php?u=https://blog.maritimefinance.ch/en/marketreportweekly/shadow-fleet-and-sanctions-in-focus) - [Follow us on Twitter](https://twitter.com/intent/tweet?url=https://blog.maritimefinance.ch/en/marketreportweekly/shadow-fleet-and-sanctions-in-focus&text=Shadow%20fleet%20and%20sanctions%20in%20focus) - [Follow us on Linkedin](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.maritimefinance.ch/en/marketreportweekly/shadow-fleet-and-sanctions-in-focus) - [Follow us on Pinterest](http://pinterest.com/pin/create/button/?url=https://blog.maritimefinance.ch/en/marketreportweekly/shadow-fleet-and-sanctions-in-focus&text=Shadow%20fleet%20and%20sanctions%20in%20focusdescription=Recent%20developments%20have%20garnered%20renewed%20attention.%20This%20week,%20the%20UK%20imposed%20sanctions%20on%20100%20ships,%20followed%20by%20the%20EU%20with%20an%20additional%20189,%20now%20targeting[...]&media=https://143789414.fs1.hubspotusercontent-eu1.net/hubfs/143789414/W21_article_2-1.jpg) --- #### [Oman strategy set to increase VLAC demand Previous Post](https://blog.maritimefinance.ch/en/marketreportweekly/oman-strategy-set-to-increase-vlac-demand?hsLang=en) #### [Upward momentum as tariffs are rolled back Next Post](https://blog.maritimefinance.ch/en/marketreportweekly/upward-momentum-as-tariffs-are-rolled-back?hsLang=en) --- ## Related Posts It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. 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