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US seizure of rogue oil tanker off Venezuela signals new crackdown on shadow fleet
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....S seizure of rogue oil tanker off Venezuela signals new crackdown on shadow fleet<BR>PTI News<BR>Dated:- 12-12-2025<BR>PTI<BR>Miami, Dec 12 (AP) The oil tanker was steaming near the coast of Guyana recently when its location transponder showed it starting to zigzag. It was a seemingly improbable maneuver and the latest digital clue that the ship, the Skipper, was trying to obscure its whereabouts ....
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....and the valuable cargo stored inside its hull: tens of millions of dollars' worth of illicit crude oil. On Wednesday, US commandos fast-roping from helicopters seized the 332-metre ship -- not where it appeared to be navigating on ship tracking platforms but some 360 nautical miles to the northwest, near the coast of Venezuela. The seizure marked a dramatic escalation in President Donald Trump's....
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.... campaign to pressure strongman Nicolás Maduro by cutting off access to oil revenues that have long been the lifeblood of Venezuela's economy. It could also signal a broader US campaign to clamp down on ships like the Skipper, which experts and US officials say is part of a shadowy fleet of rusting oil tankers that smuggle oil for countries facing stiff sanctions, such as Venezuela, Russia and Ir....
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....an. "There are hundreds of flagless, stateless tankers that have been a lifeline for revenues, sanctioned oil revenues, for regimes like Maduro's, Iran and for the Kremlin," said Michelle Weise Bockmann, a senior analyst at Windward, a maritime intelligence firm that tracks such vessels. "They can no longer operate unchallenged." Since the first Trump administration imposed punishing oil sanctio....
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....ns on Venezuela in 2017, Maduro's government has relied on scores of such oil tankers to smuggle their crude into global supply chains. Oil ships operate in shadows The ships cloak their locations by altering their automated identification system -- a mandatory safety feature intended to help avoid collisions -- to either go entirely dark or to "spoof" their location to appear to be navigatin....
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....g sometimes oceans away, under a false flag or with the fake registration information of another vessel. The dark fleet expanded following US sanctions on Russia over its 2022 invasion of Ukraine. Experts say many of the ships are barely seaworthy, operate without insurance and are registered to shell companies that help conceal their ownership. The vessels often transfer their cargoes to other ....
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....ships while at sea, further obscuring their origins, experts said. For the most part, Maduro's government has succeeded in using such tactics to get its oil to market. The country's oil production has increased about 25 per cent over the last two years, according to OPEC data. Still, Wednesday's seizure could mark a turning point, experts said. "The cost of doing business with Venezuela just we....
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....nt way up," said Claire Jungman, director of maritime risk and intelligence at Vortexa, an oil analytics firm. "These are very risk-tolerant operators, but even they don't want to lose a hull. A physical seizure is an entirely different category of risk than falsifying paperwork and bank fines." The Skipper's last few weeks The Skipper's final weeks hiding in the Caribbean were reconstructed....
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.... by Windward, which uses satellite imagery relied on by US officials mapping the movements of the dark fleet. The US sanctioned the Skipper in November 2022, when it was known as the M/T Adisa, for its alleged role in a network of dark vessels smuggling crude on behalf of Iran's Revolutionary Guard and Lebanon's Hezbollah militant group. The network was reportedly run by a Switzerland-based Ukrai....
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....nian oil trader who was also sanctioned, the US Treasury Department said at the time. In recent months, the ship has sailed to China with a cargo of Iranian oil, and it has also been linked to illicit cargoes from Russia, according to Windward. At the time of its seizure, Windward reported, the tanker was digitally manipulating its tracking signals to falsely indicate it was sailing off the coast....
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.... of Guyana, which shares a border with Venezuela, and adjacent to a massive offshore oil field being developed by Exxon with strong US support. It has also been falsely flying the Guyana flag, according to international ship registries, a major violation of maritime rules. The Skipper had about 2 million barrels of crude aboard The Skipper departed Venezuelan waters early this month with abou....
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....t 2 million barrels of heavy crude, roughly half of it belonging to a Cuban state-run oil importer, according to documents from the state-owned company PDVSA that were provided to The AP on the condition of anonymity. The high risk generates huge opportunities for profits. Black market Venezuelan oil costs about USD 15 less per barrel than its legitimate crude, according to Francisco Monaldi, a V....
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....enezuelan oil expert at Rice University in Houston. Monaldi said he expects the price of illicit Venezuelan crude to drop because fewer buyers will be willing to risk having the cargo seized. Crackdown risks raising oil prices Monaldi said one possible brake on Trump carrying out additional US seizures is the impact it could have on gas prices at a time when Americans are concerned about hig....
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....h living costs. Although Venezuela's oil production has dwindled as a result of underinvestment to less than 1 per cent of global output, commodity prices are notoriously volatile and traders may be worried that the aggressive tactics in Venezuela could be attempted elsewhere, he said. (AP) RUK RUK<BR> News - Press release - PIB....