Splash 247: Drastically altered suezmax trading patterns in the spotlight

June 30, 2022

India’s growing volumes of Russian crude imports is also something that is having a noticeable impact on the suezmax sector. Indian imports of Russian crude from the Black Sea have grown seven-fold in the first three months since Russia invaded Ukraine, according to New York-based broker Poten & Partners, and are up ten-fold from the Baltic. These growing imports from Russia benefit aframax and primarily suezmax tankers as the main export ports cannot accommodate VLCCs.

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