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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.

TradeWinds · 1h

Russian tanker rates to China jump fivefold to hit $7.5m on sanctions

The cost of shipping Russian Espo crude from the key Kozmino terminal has now increased fivefold since the US blacklisted another 183 vessels earlier this month. Oil buyers are paying between $6.5m and $7.5m per trip on aframax vessels, up from $1.5m previously, according to trading sources cited by Reuters.

U.S. News & World Report · 1d

Middlemen Have Halted Russian Oil Cargo Offers After US Sanctions, Indian Refiner Says

Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum.

invezz on MSN · 1d

Why Indian refiners can’t access Russian oil cargoes

The recent implementation of new US sanctions targeting Russian oil producers, tankers, and insurers has created a disruption in the supply chain. Middlemen who were previously involved in supplying Russian oil to Indian refiners,

Wash Car TV on MSN1h

Deep Cleaning Bitumen from a Transport Tanker

Learn the step-by-step process of washing bitumen from a transport tanker for a complete transformation. Start by sprinkling ...

9hon MSN

Map Shows Iran-Bound Tanker Carrying Rocket Fuel From China

Iranian cargo ships allegedly carrying chemicals to make missile propellent are setting sail from China to deliver the shipment to Tehran's army.

4don MSN

Fuel tanker truck blast kills at least 85 in Nigeria

The death toll from a gasoline tanker explosion in north-central Nigeria has risen to 86, the country’s emergency response ...

WYFF 4 Greenville-Spartanburg on MSN1d

New details released after tanker carrying animal byproducts crashes at Upstate rest stop

A tanker carrying animal byproducts crashed into a rest stop along Interstate 385 in Laurens County, South Carolina.

TradeWinds22h

Tanker stocks and dividends: What investors should watch in the year ahead

Fearnley Securities is tipping VLCC stocks to outperform in 2025, with DHT, Frontline and Okeanis Eco Tankers stocks as its ...

Death toll in Nigeria gas tanker explosion rises to 98

The death toll from a gasoline tanker explosion in north-central Nigeria has risen to 98, the country’s emergency response ...

Tanker under US sanctions discharges oil at Chinese port, LSEG data shows

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...

8don MSN

Denmark Under Pressure to Board Russian Tanker Stranded in 'NATO Lake'

Increased Russian military activity in the Baltic Sea has resulted in global calls for Denmark and other nations to inspect ...

devdiscourse3d

Evading Responsibility: Tanker Spill in Indore Sparks Health Scare

A tanker truck caused a chemical spill in Indore, Madhya Pradesh, after containing aqueous ammonia intended for Gwalior. The ...

allAfrica.com on MSN9h

Youths Scoop Fuel From Another Faulty Tanker

Few days after nearly 100 persons lost their lives in tanker accident in Niger State, some youths trooped out to the scene of a tanker accident in Jalingo, Taraba State capital, on Wednesday.According ...

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