The Pablo was part of a growing fleet of shadow tankers, transporting sanctioned oil with little regard for industry regulations. Hidden behind shell companies, shadow vessels are characterised by their repeated change of flag carriers and owners – and crucially – often operate without insurance. When a ship is abandoned beyond repair, the insurer becomes its owner and takes responsibility for its scrapping. Without a listed insurer, the Pablo remains where it is.
Ban making money and people start illegally making money.
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