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Story summary
- Consultative Shipping Group warned that Iranian Strait of Hormuz disruptions could create a two-tier global shipping system.
- Industry estimates place the shadow tanker fleet at more than 1,500 vessels with limited oversight.
- Only seven commodity vessels crossed the Strait on a Monday, down from an average of ten per day.
- CSG urged nations to consistently enforce existing international maritime rules to avoid cost-raising rule fragmentation.
