{"id":71815,"date":"2023-07-04T00:00:00","date_gmt":"2023-07-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/"},"modified":"2023-07-04T00:00:00","modified_gmt":"2023-07-04T00:00:00","slug":"aging-ships-are-on-the-decline-following-months-of-proliferation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/","title":{"rendered":"Aging ships are on the decline, following months of proliferation"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">The average age of ships being acquired to move sanctioned Russian oil to <\/span><span style=\"font-weight:700\">buyers around the globe is declining<\/span><span>, according to VesselsValue data cited by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-01\/russia-s-scrapheap-worthy-fleet-of-oil-tankers-gets-an-infusion-of-newer-ships\" style=\"\">Bloomberg<\/a><\/span><span>. Following Russia\u2019s invasion of Ukraine last year, hundreds of older vessels were <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b04c44e0-59a6-4adc-ba55-969ff27798e0\" style=\"\">purchased<\/a><\/span><span style=\"font-weight:400;\"> by shadowy entities to sidestep sanctions placed on Russian energy exports. The recent purchases of newer vessels display a shift away from a months-long trend that had favored older and more precarious vessels, Bloomberg said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Driving the trend: <\/span><span style=\"font-weight:400;\">A crackdown on older vessels in Asia is likely driving the trend, according to two industry executives cited by Bloomberg. Recent months have seen an uptick in the numbers of ships detained for safety reasons at Asian ports and China has started to impose long wait times for older tankers. Aside from more stringent requirements on seaworthiness, shipowners are also beginning to see the trade in restricted oil as \u201chere to stay,\u201d and are accordingly willing to invest in newer tankers, global head of shipping research at Oil Brokerage Anoop Singh told Bloomberg.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Retail fashion<\/span><span style=\"font-weight:700\">clothing is giving an impetus to<\/span><span style=\"font-weight:700\">green shipping<\/span><span style=\"\"> as customers <\/span><span>and regulators urge the sector to adopt climate-friendly practices. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/sustainability\/fashion-industry-driving-demand-green-shipping-maersk-says-2023-06-30\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The average age of ships being acquired to move sanctioned Russian oil to buyers around the globe is declining, according to VesselsValue data cited by Bloomberg. Following Russia\u2019s invasion of Ukraine last year, hundreds of older vessels were purchased by shadowy entities to sidestep sanctions placed on Russian energy exports. The recent purchases of newer [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71816,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[17,55,34,349,226,33],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-71815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics-in-the-news","tag-enterprise-logistics","tag-logistics-in-the-news","tag-maritime","tag-oil","tag-russia","tag-shipping","wpautop","entry"],"acf":{"mongo_id":"50b8913a-6733-40f9-83ee-374e4222fa01","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/10.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aging ships are on the decline, following months of proliferation","related_issue":[71800],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.91dd023a-e9b7-4002-b4cb-deab8ee4bd2f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Aging ships are on the decline, following months of proliferation - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aging ships are on the decline, following months of proliferation\" \/>\n<meta property=\"og:description\" content=\"The average age of ships being acquired to move sanctioned Russian oil to buyers around the globe is declining, according to VesselsValue data cited by Bloomberg. Following Russia\u2019s invasion of Ukraine last year, hundreds of older vessels were purchased by shadowy entities to sidestep sanctions placed on Russian energy exports. The recent purchases of newer [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/10.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Aging ships are on the decline, following months of proliferation\",\"datePublished\":\"2023-07-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/\"},\"wordCount\":206,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/10.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Enterprise Logistics\",\"LOGISTICS IN THE NEWS\",\"maritime\",\"oil\",\"Russia\",\"shipping\"],\"articleSection\":[\"Logistics in the News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/aging-ships-are-on-the-decline-following-months-of-proliferation\/\",\"name\":\"Aging ships are on the decline, following months of proliferation - 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