The Illicit Shipping Trade Hiding in Plain Sight

Video Description

An armada of vessels operating near Asia’s maritime thoroughfares moves hundreds of millions of barrels of sanctioned oil. Called the “dark fleet,” the ships also risk environmental catastrophe. Just outside the reach of Malaysia’s coast guard and without formal oversight, oil is being transferred from one vessel to another in open waters, risking spills and lives while increasing geopolitical tensions. For more on Bloomberg.com: https://www.bloomberg.com/graphics/2024-iran-south-china-sea-oil-trade/ 00:00:00 An Armada of Tankers 00:01:24 The Pablo Disaster 00:03:10 The Flotilla 00:03:50 Sanctioned Oil 00:05:23 The Trip 00:07:05 Building the Algorithm 00:08:08 Discovering a Ship-To-Ship Transfer 00:10:40 The Environmental Dangers 00:11:02 Enforcing Sanctions -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.