The Financial Times reports that Russian shadow fleet tankers are using falsified vessel position data to appear in several locations at once, which would make it harder for monitors to verify where cargoes are loaded and delivered. The main market channel is sanctions enforcement risk: if transponder data cannot be trusted, buyers, insurers, and banks face greater uncertainty about whether a cargo complies with the price cap and other restrictions. That uncertainty can widen the discount on
FT: Russian Shadow Fleet Uses Fake Positions to Make Vessels Appear in Multiple Locations
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