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Russian oil tanker finds refuge in China
Russian oil tanker finds refuge in China amid U.S. sanctions
After a long search for a port to receive Russian oil, a ship subject to American sanctions was finally accepted in China. Current events illustrate how supply chains are being modified in response to U.
Sanctioned Ship Unloads Russian Oil in China After Long Journey
A tanker sanctioned by the US this month has discharged Russian oil in China after an unusually long journey in which it changed its destination from Shandong province, a hub for independent refiners.
Russia Reshuffles Tankers to Keep Shipping Oil to China After US Sanctions
US sanctions on Russian oil exports are prompting Russia to redirect Aframax tankers from western ports to the Far East to service exports of ESPO crude to China.
Russian oil freight rates soar on sanctions-driven tanker shortage
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.
Russia Oil Trade to China, India Stalls as Sanctions Drive up Shipping Costs
In China, newly sanctioned tankers face delays offloading oil despite meeting waiver requirements. Three of them discharged Russian ESPO and Sokol crude during Jan. 15-17 while tanker Olia offloaded at Shandong's Yantai port on Sunday after carrying its ESPO cargo for nearly three weeks, according to LSEG data.
Soaring Tanker Costs Stall Russian Oil Trade in Asia After US Sanctions
New U.S. sanctions on Russian oil exports have caused tanker rates to surge and trade to freeze as shippers scramble for non-sanctioned vessels.
Iranian crude stuck in China for half a decade starts to move on tankers as US sanctions spark shipments
Last month, Kpler said Iran was gearing up to shift stockpiles of its crude in Chinese ports ahead of any tighter US sanctions imposed by president Donald Trump. This could total 20m barrels from storage in China’s Dalian and 5m barrels held in Zhoushan. The full amount is the equivalent of 25 suezmax cargoes.
Russian Oil Trade To Asia Halts Amid Sanctions, Surging Freight Costs
Trade for Russian oil loading in March has slowed significantly in Asia as a widening price gap between buyers and sellers has emerged, particularly in China. This disruption follows new U.S. sanctions,
Sanctions Hit Russia’s Oil Exports to China, India Amid Rising Freight Costs
Russia’s oil trade with China and India has stalled as Western sanctions increase shipping costs, making transportation more expensive and complex. Higher freight charges and restrictions on tanker insurance have disrupted supply chains,
TradeWinds
3d
Signal says aframax tanker pool has beaten rivals by $2,400 per day over seven years
Greece’s Signal Group claims it has beaten its aframax pool rivals on earnings for the last seven years. The Ioannis Martinos ...
Marine Link
9d
Oil Tanker Vessel Deliveries Plummet 74% in '24
In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight ...
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