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Tankerama's avatar

Shadow fleet is much larger than we think, around 150 vessels (mostly Afras) could be deployed for the Russian trade. The economics are certainly there

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Paul Ulrich's avatar

Excellent analysis. One small point regarding your scenarios at the end. If anything, oil sanctions against Iran are likely to tighten, not slacken, due to Iran’s supplying Russia with kamikaze attack drones and Iran’s training Russian military personnel in how to use them effectively against Ukraine.

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