LNG Tanker Buying Spree Sparks Fear of Another Dark Fleet

A marked increase in LNG tanker purchases by companies registered in the UAE has sparked concern that Russia may be building a dark fleet for the liquefied fuel, the Financial Times has reported, citing tanker buying data. Windward, a risk consultancy cited in the report, found that since the second quarter of last year, companies registered in the United Arab Emirates had bought more than 50 LNG tankers. The FT noted that there was a considerable increase from the occasional LNG tanker purchase deal prior to that year. The report also…