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OIL: Russian Tankers Redeploying to Eastern Trade

OIL

A number of tankers previously involved in Russia’s western facing trade have been redeployed to operate out of the eastern ports following the latest U.S. sanctions according to vessel tracking.

  • Kozmino to China freight rates for ESPO more than tripled following the sanctions due to severe fleet restrictions. ESPO trade appears top have been the main target of sanctions.
  • Around  900,000 bpd of ESPO was put under risk by the latest sanctions Vortexa calculations showed.
  • The Maini most recently loaded at Kozmino on Jan. 13 and then discharged its cargo in Dongying in China’s eastern Shandong province. It very recently moved to eastern trade.
  • The Jinjiang Experience and Bhilva also looks to be moving into the trade brokers told Bloomberg this week. 
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A number of tankers previously involved in Russia’s western facing trade have been redeployed to operate out of the eastern ports following the latest U.S. sanctions according to vessel tracking.

  • Kozmino to China freight rates for ESPO more than tripled following the sanctions due to severe fleet restrictions. ESPO trade appears top have been the main target of sanctions.
  • Around  900,000 bpd of ESPO was put under risk by the latest sanctions Vortexa calculations showed.
  • The Maini most recently loaded at Kozmino on Jan. 13 and then discharged its cargo in Dongying in China’s eastern Shandong province. It very recently moved to eastern trade.
  • The Jinjiang Experience and Bhilva also looks to be moving into the trade brokers told Bloomberg this week.