Rare Ship-to-Ship Transfers Keep Oil Moving From Russia to China

Rare Ship-to-Ship Transfers Keep Oil Moving From Russia to China

Read more at Bloomberg

“Buyers are using creative ways to maintain flows as more shipowners shun Russian oil due to the potential fallout from financial sanctions, according to shipbrokers. Small vessels are being used to shuttle between Russia’s Kozmino port and the waters off Yeosu in South Korea, where cargoes undergo ship-to-ship transfer to supertankers for the next leg of the journey to China.”