The likelihood of a major pollution incident involving a tanker without adequate insurance cover seems to grow by the day. The ‘dark’ fleet of vessels specialising in illicit oil trades is increasing as the sanctions net gets cast wider and charter rates continue to soar.
The grounding of the 306,000-dwt tanker Young Yong (built 2001) off Indonesia comes as a stark warning of the type of accident that could be waiting to happen.
