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Hundreds of Ships in the Shadows

The Russian ghost fleet is one of the worst-kept secrets in international maritime trade. Hundreds of oil tankers, bulk carriers, and cargo ships sail with little or no regulation, without known insurance, under flags of convenience. These ships change their names as often as they change their shirts, turn off their AIS transponders to disappear from radar, and falsify their documents. The Olina is a perfect example. Formerly known as the Minerva M, it was sanctioned in January 2025 by the United States, the European Union, the United Kingdom, and other countries for transporting Russian oil in violation of international restrictions.

According to data from Lloyd’s List Intelligence, a maritime data analytics firm, the Olina was sailing under the false flag of Timor-Leste. This is a classic tactic of the ghost fleet: using the flag of a small state that has neither the means nor the will to monitor ships registered under its flag. The ship’s last AIS signal was recorded 52 days before its seizure, in Venezuela’s exclusive economic zone, northeast of Curaçao. Fifty-two days of total invisibility. Fifty-two days sailing in the shadows, transporting illegal oil, defying international sanctions.

A system that funds the war in Ukraine

This ghost fleet is not merely a maritime curiosity. It is a criminal infrastructure that allows Russia to circumvent Western sanctions and finance its war in Ukraine. Every barrel of oil transported by these ships generates revenue for the Kremlin—revenue that buys missiles, drones, and ammunition. Revenue that allows Putin to continue his aggression against Ukraine. The British maritime risk management firm Vanguard confirmed that the seizure of the Olina “follows a prolonged pursuit of oil tankers linked to shipments of sanctioned Venezuelan oil in the region.”

The link between Venezuela and Russia is not new. Maduro has always been a loyal ally of Putin, receiving political, military, and economic support in return. But since the start of the war in Ukraine in February 2022, this partnership has taken on a new dimension. Venezuela has become a crucial transit point for Russian oil seeking to evade sanctions. Ships load oil in Russia, sail to Venezuela where they blend their cargo with Venezuelan crude, and then set sail again for destinations in Asia or elsewhere. It is an industrial-scale oil laundering operation.

There is something deeply revolting about this system. These ships sailing in the shadows, financing wars, enriching dictators—and doing so with complete impunity for years. How many Russian missiles fired at Ukrainian cities were paid for with money from this oil? How many Ukrainian lives have been destroyed because of these ghost ships? I think about that when I see the Olina seized. I think about all those invisible connections between an oil tanker in the Caribbean and a family torn apart in Kharkiv or Mariupol. And I tell myself that every ship seized means a little less money for Putin’s war machine. It’s concrete. It’s measurable. It’s important.

Sources

Primary sources

Kyiv Independent – “US forces reportedly board another Russia-linked tanker” – January 9, 2026

Reuters – “U.S. seizes Olina tanker in the Caribbean, fifth vessel taken in Venezuela blockade” – January 9, 2026

NBC News – “U.S. seizes another tanker in campaign to control flow of Venezuelan oil” – January 9, 2026

The Guardian – “U.S. in process of seizing fifth tanker in effort to control Venezuelan oil” – January 9, 2026

Secondary Sources

Wall Street Journal – “U.S. Forces Board Fifth Tanker in Campaign to Track Down Venezuelan Oil” – January 9, 2026

Lloyd’s List Intelligence – Maritime data on the Olina – January 2026

Vanguard (British maritime risk management company) – Analysis of the seizure of the Olina – January 9, 2026

U.S. Southern Command – Official statement on the seizure of the Olina – January 9, 2026

Russian Ministry of Foreign Affairs – Statement by Maria Zakharova – January 9, 2026

This content was created with the help of AI.

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