February 18, 2025 “That said, if Russian sanctions were lifted, the dark fleet would immediately see a decline in demand, and we expect there could be a short-term lift in rates although quickly offset by the much shorter tonne-miles,” they added. US shipbroker Poten & Partners said that “if all sanctions are lifted over the next 12 to 18 months, about 60% of the blacklisted fleet will likely be recycled.”
To read the full article, click here.