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Iran’s shadow fleet has matured, sustaining 1.3–1.6 mbd exports despite UN snapback sanctions, with faster, more efficient STS operations to China.
As Russia diesel exports remain constrained, and the January EU ban on Russia-derived products adds uncertainty, alternative supplies will have to kick in.
The onset of the USTR’s port fees on China-operated vessels looks set to widen benchmark BLPG 3 and BLPG 1 VLGC freight rates past year-ago levels.
As Russia diesel exports remain constrained, and the January EU ban on Russia-derived products adds uncertainty, alternative supplies will have to kick in.
The onset of the USTR’s port fees on China-operated vessels looks set to widen benchmark BLPG 3 and BLPG 1 VLGC freight rates past year-ago levels.
This very big picture piece is summarising key insights from our recent events across crude, products, LPG, LNG and the related shipping markets.
