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 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 Flows Stall as US Sanctions Start to Buffet Tankers
A decline in shipments in the seven days to Jan. 19 kept four-week flows below 3 million barrels a day for a fourth week
Russian oil tankers still under construction included in U.S. sanctions
Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last week, the first time Washington is known to have banned tankers before they even set sail,
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.
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,
Tanker rates extend rally on sanctions, demand to load Mideast oil, products
Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet and traders' demand for ships to load Middle East oil for Asia,
Dagens.com India (Eng) on MSN36m
Putin Orders Crackdown on Aging Tankers After Black Sea Oil Spill
In December 2023, two Russian oil tankers were damaged during a storm. One vessel broke apart and sank, while the other ran ...
Newsweek on MSN13d
Oil Disaster Averted After Sabotaged Tanker Is Salvaged
The Greek-flagged, Sounion was first attacked on Aug. 21 with small arms, projectiles, and a drone boat by the Iran-backed ...
The Associated Press on MSN13d
Salvage complete of tanker at center of oil spill scare after being hit by Houthi rebels in Red Sea
An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged.
Germany calls a Russian oil tanker adrift in the Baltic Sea a threat to security
An oil tanker believed to be part of Russia’s efforts to evade international sanctions went adrift and had to be towed ashore ...
Finland had 12 minutes left to stop a Russia-linked oil tanker from dealing 'much worse' damage to its undersea cables, president says
"Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," ...
Middletown Press on MSN2d
Cromwell tanker crash on Route 9 causes 100-gallon oil and diesel spill, officials say
State police said a tanker rolled over on Route 9 south in Cromwell Monday night, causing 100 gallons of oil and diesel to ...
Oil tanker sabotage crew were poised to cut more cables when caught, Finland says
HELSINKI (Reuters) -Crew on board an oil tanker accused of sabotaging undersea power and communications cables in the Baltic ...
Marine Link2d
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 ...