Source: Bloomberg
“The Indian Coast Guard seized three tankers that it said were involved in oil smuggling, the first sign of the country getting tough on the so-called dark fleet. The three ships were taken in the waters off Mumbai on Friday by the coast guard, which said in a post on X that it had ‘busted an international oil-smuggling racket’ and that the vessels had been known to ‘frequently change identity.’ It’s the first time New Delhi has taken such action, according to people familiar with the Indian shipping industry, and comes as the US and Europe lead an effort to get tougher on vessels moving sanctioned oil.” (02/10/26)