Traders deploy costlier smaller tankers to move displaced Russian oil to China

Traders are deploying smaller, costlier vessels to ship displaced Russian oil from European ports to China, in a rare move as Western sanctions on Moscow force them to use unconventional methods to transport the product. About 5 million barrels of Russian Urals crude was scheduled to load in April and May destined for China on …

The post Traders deploy costlier smaller tankers to move displaced Russian oil to China first appeared on Hellenic Shipping News Worldwide.

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