Marinakis Urges West to Speed Up Shadow Fleet Scrapping
Evangelos Marinakis urges the West to allow shadow fleet scrapping to cut environmental risks. He says a disposal window could cut the dark fleet by 25 percent.
Insights:
Evangelos Marinakis, chairman of Capital Maritime & Trading Corp, urged Western governments on June 5 to accelerate the scrapping of the global shadow fleet to reduce its size by at least 20% to 25%. The proposal suggests a four-to-five-month amnesty window for sanctioned operators to dispose of unregulated tankers at facilities in the West. This move aims to mitigate rising environmental risks and disrupt the profits of unregulated oil transport.
