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Traders were diverting cargoes with Russian oil products around Africa to avoid the Red Sea due to a heightened risk of attacks by Yemen’s Iran-aligned Houthi group, data from market sources and LSEG showed. Last week, the fuel tanker Marlin Luanda, carrying Russian naphtha, was attacked in the Red Sea by Houthi rebels. Since the full EU embargo on Russian oil products took effect in February 2023, traders have rerouted fuel oil, vacuum gasoil (VGO) and naphtha cargoes from Russian ports to Asia and the Middle East via the Red Sea and the Suez Canal as the shortest sea route. ....
Traders divert Russian oil products around Africa to avoid Red Sea hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.
Traders divert Russian oil products around Africa to avoid Red Sea -sources, LSEG hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Options, such as ship-to-ship transfers to larger very large crude carriers to go around the Cape of Good Hope, are now being discussed for further Russian charters, says commodities an data analytics provider Vortexa ....
Modern LR2 tanker fetches $65.5m in rare secondhand purchase for Greece's Minerva tradewindsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradewindsnews.com Daily Mail and Mail on Sunday newspapers.