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SEATRADE MARITIME NEWS: JITTERY TANKER MARKET AMID TARIFFS AND SANCTIONS


December 10, 2024

Auchintoul Oil & Gas Consultants estimates that the tankers subjected to sanctions earlier this month shipped 40% of Russian crude, 1.1 barrels per day (bpd), in 2024. Noting that of the 39 tankers that OFAC had originally sanctioned, 33 have remained idle, Auchintoul Oil & Gas Consultants concludes that the new sanctions are likely to limit significantly the trading activity of the latest round of sanctioned ships.