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RE: LeoThread 2024-12-05 13:23

in LeoFinance7 days ago

Part 3/8:

In 2023, the dark fleet's dangers were starkly highlighted by an unfortunate accident involving the tanker Pablo. Following its return from China, satellite imagery revealed extensive damage to the vessel—an emblem of ships that have long surpassed their intended lifespan. The operation of the Pablo, which had been in service for over 25 years, underscores a grim reality: many such vessels are not decommissioned as they should be but are integrated into the illicit dark fleet operations. The casualties aboard Pablo and the protracted recovery efforts forced Malaysia to absorb significant costs, revealing the human toll of this underground oil trade.

The Role of Sanctions and the Oil Market