“At least 65 oil tankers have anchored in various locations, including off the coasts of China and Russia, since the United States announced a new package of sanctions on January 10. This is reported by the Reuters agency. Five of those tankers remain off Chinese ports, seven more have stopped off Singapore and others have stopped off Russia in the Baltic Sea and the Far East, according to a Reuters analysis based on data from the MarineTraffic and LSEG platforms. The US Treasury Department on Friday imposed sanctions against Russian oil producers Gazprom Nafta and Surgutnaftogaz, as well as 183 vessels transporting Russian oil. The measures are aimed at reducing the revenue that Moscow is using to finance the war in Ukraine.Advertisement: The suspension of operations by these tankers adds further pressure to vessels already affected by previous US sanctions. Among those vessels, another 25 oil tankers remain stationary in various locations, including near Iranian ports and near the Suez Canal, according to shipping analysis data released Monday. Some ports were already operational before the new measures were introduced, creating an additional burden. For example, Shandong Port Group has banned tankers under US sanctions from entering its ports, traders reported last week.Advertisement: Analysts estimate that about 10% of the world’s oil tanker fleet is under US sanctions. “The impact of these sanctions should support the tanker market by reducing vessel availability in the broader fleet, but the real upside potential will come as other exporters make up for lost volumes,” Jefferies analyst Omar Nocta said in a note on Monday. Average daily profit for supertankers on Monday rose more than 10% from the previous day to about $26,000, according to market estimates. Some customers have already started booking vessels on Friday after the announcement of the sanctions, which indicates an increased shortage of tankers. “Increased demand for exports to India and China from countries other than Russia will boost demand for non-sanctioned tankers,” trade analytics platform Kpler said on Monday. We will remind: the Office of the Control of Foreign Assets of the US Treasury Department introduced sanctions against the two largest oil companies of the Russian Federation, Gazprom Neft and Surgutneftegaz, as well as ship insurance providers Ingosstrakh and Alfastrahovanie. According to the Financial Times, the measures include blacklisting 183 “shadow fleet” vessels involved in the export of energy resources from Russia. India is set to ditch oil tankers that have been sanctioned by the US for their role in transporting cargo for Russia, another example of the impact of Washington’s measures on the global oil market. Three tankers with more than 2 million barrels of Russian oil are floating in the waters off eastern China and cannot be shipped after the US imposed new sanctions on Russia’s largest oil companies on Friday, January 10.”, — write: epravda.com.ua
At least 65 oil tankers have anchored in various locations, including off the coasts of China and Russia, since the United States announced a new package of sanctions on January 10. This is reported by the Reuters agency. Five of those tankers remain off Chinese ports, seven more have stopped off Singapore and others have stopped off Russia in the Baltic Sea and the Far East, according to a Reuters analysis based on data from the MarineTraffic and LSEG platforms. The US Treasury Department on Friday imposed sanctions against Russian oil producers Gazprom Nafta and Surgutnaftogaz, as well as 183 vessels transporting Russian oil. The measures are aimed at reducing the revenue that Moscow is using to finance the war in Ukraine.Advertisement: The suspension of operations by these tankers adds further pressure to vessels already affected by previous US sanctions. Among those vessels, another 25 oil tankers remain stationary in various locations, including near Iranian ports and near the Suez Canal, according to shipping analysis data released Monday. Some ports were already operational before the new measures were introduced, creating an additional burden. For example, Shandong Port Group has banned tankers under US sanctions from entering its ports, traders reported last week.Advertisement: Analysts estimate that about 10% of the world’s oil tanker fleet is under US sanctions. “The impact of these sanctions should support the tanker market by reducing vessel availability in the broader fleet, but the real upside potential will come as other exporters make up for lost volumes,” Jefferies analyst Omar Nocta said in a note on Monday. Average daily profit for supertankers on Monday rose more than 10% from the previous day to about $26,000, according to market estimates. Some customers have already started booking vessels on Friday after the announcement of the sanctions, which indicates an increased shortage of tankers. “Increased demand for exports to India and China from countries other than Russia will boost demand for non-sanctioned tankers,” trade analytics platform Kpler said on Monday. We will remind: the Office of the Control of Foreign Assets of the US Treasury Department introduced sanctions against the two largest oil companies of the Russian Federation, Gazprom Neft and Surgutneftegaz, as well as ship insurance providers Ingosstrakh and Alfastrahovanie. According to the Financial Times, the measures include blacklisting 183 “shadow fleet” vessels involved in the export of energy resources from Russia. India is set to ditch oil tankers that have been sanctioned by the US for their role in transporting cargo for Russia, another example of the impact of Washington’s measures on the global oil market. Three tankers with more than 2 million barrels of Russian oil are floating in the waters off eastern China and cannot be shipped after the US imposed new sanctions on Russia’s largest oil companies on Friday, January 10.