European tanker owners make a fortune off Russian oil trade
More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.
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More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.
Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.
With virtually no new ships on order and demand strengthening, the tanker business seems poised for a bull run.
Germany’s Traton Group topped $42 billion in revenue for 2022 with Navistar contributing significantly to the top and bottom lines.
Daily Russian Fossil Fuel Revenues Still at $500 million
Larger crude tankers are moving more U.S. exports on shorter voyages to Europe as long-haul volumes to China stagnate.
After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.
Sanctions have split the world’s tanker fleet in two. On one side, those that follow Western rules; on the other, those that don’t.