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Shadow fleets and sanctions loom over marine re/insurers – Miller

Shadow fleets and sanctions loom over marine re/insurers – Miller


Miller reported that ship-to-ship (STS) oil transfers have risen, particularly in the Mediterranean and Black Sea, as part of efforts to disguise oil origins. Safe STS estimates that approximately 11,500 such transfers of clean and dirty oil products occur annually, with an increasing concentration in sanctioned regions. 



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