The international Price Cap Coalition has issued new guidance to shipping, including advice to tanker sellers and brokers to be vigilant in conducting deals, over what it described as rising risks from the shadow tanker fleet.
The new recommendations by the group — made up of G7 nations, the European Union, Australia and New Zealand — aims to both tackle sanctions evasion and address environmental risks posed by the fleet of tankers that is being used to move Russian crude and petroleum products.
