How the shadow fleet is capitalising on the chaos of conflict

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December 2022

The Strateg, initially named Melodia and crusing below the Marshall Islands flag, is a part of a fleet exporting crude oil from Russia

June 2023

The ship is renamed Li Bai and modifications its flag to Panama

2024

It makes calls to Russian ports the place oil constantly breaches the $60 worth cap

January 2025

The vessel is positioned below sanctions by the US

February 2025

Renamed Azuron and registered below a false Guyana flag

April 2025

Renamed Danshui and registered below a false Comoros flag

Could 2025

Sanctions imposed by the EU

July 2025

Sanctions imposed by the UK

Registered below a false Benin flag

December 2025

The vessel, now in impact stateless, is reportedly bought to Russian consumers. Pictures present it coming into the Bosphorus Strait with a freshly painted Cyrillic identify, Strateg, and flying the Russian flag

February 2026

FT evaluation of ship monitoring knowledge and satellite tv for pc imagery evaluation reveals the Strateg participating in ship-to-ship transfers with different vessels below sanctions close to the Suez Canal

March 2026

The vessel is en path to ship crude to the Vadinar refinery on India’s west coast, a facility backed by Russia’s state oil firm

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