| Released on Patreon on Mar 10, 2025 |
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| Sweden has seized its first shadow fleet vessel. They even went after a bulk carrier rather than a tanker. As more countries join in on the crackdown on Russia’s shadow fleet, the dominoes are beginning to fall.
There’s a good chance that the entire shadow fleet could be dismantled within the next weeks and months. However, there are over 1,000 ships, so there isn’t enough port space to bring them all in. Expect to see these aging vessels parked off the coast before they can be shipped off to India or Bangladesh to be scrapped.
Beyond the obvious impact on Russian, Iranian, and other oil supplies, global shipping could shift into a shortage as the vessels are retired. |
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