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How the shadow fleet is capitalising on the chaos of war

by Investor News Today
March 25, 2026
in Business
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How the shadow fleet is capitalising on the chaos of war
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December 2022

The Strateg, initially named Melodia and crusing underneath the Marshall Islands flag, is a part of a fleet exporting crude oil from Russia

June 2023

The ship is renamed Li Bai and modifications its flag to Panama

2024

It makes calls to Russian ports the place oil persistently breaches the $60 value cap

January 2025

The vessel is positioned underneath sanctions by the US

February 2025

Renamed Azuron and registered underneath a false Guyana flag

April 2025

Renamed Danshui and registered underneath a false Comoros flag

Might 2025

Sanctions imposed by the EU

July 2025

Sanctions imposed by the UK

Registered underneath a false Benin flag

December 2025

The vessel, now in impact stateless, is reportedly bought to Russian patrons. Pictures present it coming into the Bosphorus Strait with a freshly painted Cyrillic title, Strateg, and flying the Russian flag

February 2026

FT evaluation of ship monitoring information and satellite tv for pc imagery evaluation reveals the Strateg partaking in ship-to-ship transfers with different vessels underneath sanctions close to the Suez Canal

March 2026

The vessel is en path to ship crude to the Vadinar refinery on India’s west coast, a facility backed by Russia’s state oil firm



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