August 17, 2026

Alang scrapyards surge as older dark fleet tankers retire

Bitcoin News Desk - The Bitcoin Street Journal cyberpunk, trending on artstation in the style of cyberpunk

Indian scrapyards, particularly at Alang on India’s west coast, are seeing an uptick in the arrival of dark fleet tankers, with at least three U.S.-sanctioned ships reaching their shores recently, following a record 15 last year. The influx of these aged vessels reflects a shift in the global oil transport sector, as sanctions on Venezuela have eased under U.S. intervention, reducing the demand for such tankers to transport sanctioned crude. These tankers, now retiring at a higher rate, are part of a broader renewal effort in maritime fleets, aligning with concerns about the environmental risks posed by these older vessels.

Source

Previous Article

Russia mediates Israel-Iran peace talks, offers US support

Next Article

China endures longest deflationary streak in decades

You might be interested in …

Bitcoin Desk - The Bitcoin Street Journal cyberpunk, trending on artstation in the style of cyberpunk

Polymarket raises US government shutdown odds to 75%

The odds of a US government shutdown in three days have increased to 75%, according to Polymarket, highlighting ongoing political uncertainty. This situation reflects the current reliance on temporary funding measures, as congressionally debated spending […]