Costas Paris & Joe Wallace
An armada of old tanker ships has sprung up to move sanctioned Russian and Iranian oil, putting sailors in peril and threatening environmental catastrophes.
At the center of this trade is a surprising new player in global shipping: Gabon, a nation better known for its dense rainforest and a recent coup than maritime acumen.
The Gabonese ship registry has ballooned to hold more than 100 tankers, according to ship brokers and owners, and an official at an established rival registry. Lloyd’s List Intelligence estimates more than 70 of those vessels have obscure ownership and form part of a shadow fleet of tankers dedicated to sanctioned oil trades.
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