Facebook Pixel Ageing shadow fleet carrying Russian oil poses disaster risk | Business Standard - newspaper - Read this story on Magzter.com

Try GOLD - Free

Ageing shadow fleet carrying Russian oil poses disaster risk

Business Standard

|

March 27, 2023

OLD TANKERS TYPICALLY SOLD FOR SCRAP ARE INSTEAD HAULING CRUDE; USUAL SAFETY AND INSURANCE STANDARDS AREN'T BEING MET

- ASAD ZULFIQAR

Ageing shadow fleet carrying Russian oil poses disaster risk

The oil tanker Turba normally should have been melted down by now.  The 26-year-old vessel hasn’t had a full inspection since 2017, according to a database dedicated to promoting safe shipping. It also lacks industry standard insurance and sails under the flag of country with a poor standing for the oversight of maritime safety. 

But rather than being steered onto a beach in Bangladesh, India or Pakistan for dismantling, the 1997-built tanker is collecting heavy fuel at the Russian port of St Petersburg. 

The aftermath of European Union sanctions on Russia mean that the Turba has been enlisted into a vast shadow fleet carrying Moscow’s oil around the globe. Its continued operation is a stark reminder that Group of Seven sanctions on Moscow carry an environmental risk. The big concern is that some older vessels — the global fleet is now the oldest in almost two decades — may not be properly inspected and maintained, leading to a catastrophic accident at sea. 

“They’re an environmental disaster waiting to happen,” said Lars Barstad, chief executive officer of the management unit of Frontline, one of the largest owners of supertankers.

In normal times, owners start to consider demolishing tankers when they’re about 15 years old. By year 20, the ships’ fate — to be sold for scrap — is usually sealed.

MORE STORIES FROM Business Standard

Business Standard

Jio Platforms appoints Dan Bailey president to lead global biz initiatives

Jio Platformson Tuesday appointed Dan Bailey as President, Jio Platforms, where he will lead the company’s international business initiatives.

time to read

1 mins

March 04, 2026

Business Standard

AAI seeks info on fuel stocks from airport operators

The Airports Authority of India (AAI) has directed operators of all major airports in the country to share updated information on the availability of aviation turbine fuel (ATF) and projected requirements for the coming week, according to industry sources, amid rising tensions in West Asia.

time to read

1 min

March 04, 2026

Business Standard

Business Standard

Consider ICC Code and local laws before advertising abroad

We refer to the DGFT Notification 60/2025-2 dated 23rd February 2026 reducing the RoDTEP rates to 50 per cent of the rates notified in Appendix-4R and 4-RE with immediate effect.

time to read

2 mins

March 04, 2026

Business Standard

Global equities, bonds sink as Iran war stokes inflation fears

Hormuz blockade, surging oil prices may weigh on Indian markets today

time to read

3 mins

March 04, 2026

Business Standard

Preparing for heatwaves

Timely and multi-pronged policy responses needed

time to read

2 mins

March 04, 2026

Business Standard

MoD signs ₹5,083 cr helicopter, missile deals with HAL, Russia

The Ministry of Defence (MoD) on Tuesday signed contracts worth %5,083 crore for Advanced Light Helicopters (ALH) Mk-III and Shtil vertical launch surface-to-air missiles for the Indian Coast Guard (ICG) and the Indian Navy.

time to read

1 mins

March 04, 2026

Business Standard

China’s road to Xi’s authoritarianism

Minxin Pei’s book The Broken China Dream: How Reform Revived Totalitarianism is a detailed account of how the limitations of the neoauthoritarian policies established under Deng Xiaoping provided an easy platform for Xi Jinping to reestablish neo-Stalinist rule.

time to read

3 mins

March 04, 2026

Business Standard

Business Standard

Angels in white: Indian nurses hold the line under the shadow of conflict

One nurse stuck in Iran, says Kerala official; others in the region reportedly safe

time to read

3 mins

March 04, 2026

Business Standard

Iran stepped up basmati imports under war cloud

Amid reports of tonnes of basmati rice stranded at Indian ports because of the ongoing West Asia crisis, data indicates that Iran, at the centre of the conflict and one of the largest buyers of Indian basmati, appears to be on a stocking spree for the staple grain.

time to read

2 mins

March 04, 2026

Business Standard

Business Standard

India ‘well stocked’ with crude oil to meet supply disruptions: Puri

India is well-stocked with inventories of crude oil and key petroleum products, including petrol, diesel, and aviation turbine fuel (ATF), to deal with short-term disruptions as the war intensifies in West Asia, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday.

time to read

3 mins

March 04, 2026

Translate

Share

-
+

Change font size