‘Dark’ ships are faking their locations to move oil around the world — and it's likely worth billions of dollars

‘Dark’ ships are faking their locations to move oil around the world — and it's likely worth billions of dollars - TL;DR CNBC

‘Dark’ ships are faking their locations to move oil around the world — and it's likely worth billions of dollars

Publishing timestamp: 2023-09-26 01:10:37

Summary

The number of vessels manipulating their automatic identification systems (AIS) to hide their locations has increased, potentially to engage in illicit activities and evade sanctions. This under-the-radar oil trade could be worth billions of dollars. Satellite technology is being used to uncover these "dark vessels," and new efforts are being made to make ships' locations public. The manipulation of AIS is becoming easier to track, and sanctions are increasing the focus on illegal shipping activities.

Sentiment: MIXED

Tickers: UNDEFINED, SPIR,

Keywords: sanctions and embargoes, gps devices, space technology, radio frequency identification, transportation, russia, global trade, south africa, technology, smuggling, shipping, business news, trade, russia-ukraine crisis, venezuela, united states, windward ltd, breaking news: business, spire global inc, breaking news: technology,

Source: https://www.cnbc.com/2023/09/26/russian-dark-ships-vessels-fake-their-locations-to-move-oil-around-the-world.html