Egypt tightens Suez Canal transit rules for ageing ships, affecting Russia’s “shadow fleet”
The Suez Canal Authority has introduced mandatory technical inspections and testing for ships that are 25 years old or older, according to a report by industry publication Splash247. The rules, which are already in effect, could complicate Russian oil shipments to Asia, as a significant share of Russia’s “shadow fleet” is made up of aging tankers. Under the new requirements, ships older than 25…
The Suez Canal Authority has implemented new rules requiring mandatory technical inspections for ships that are 25 years old or older, potentially impacting Russia's "shadow fleet" of aging tankers. These rules could complicate Russian oil shipments to Asia, as a significant portion of Russia's shadow fleet consists of aging vessels.
While the specifics of the inspections, including cost and duration, remain undisclosed, the new requirements apply to all vessels, regardless of flag, cargo, or sanctions status. The Suez Canal has been a crucial route for Russia's oil exports, even after Western sanctions were imposed in response to Russia's invasion of Ukraine.
The new rules could increase the cost of transiting the canal for older Russian tankers, potentially affecting their operational efficiency and the overall flow of oil through the strategic waterway.
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