Splash Projects deliver award-winning innovative experiential learning programmes to. The Vortexa presentation also showed how ship-to-ship transfers are on the rise of Russian cargoes moving to different vessels in European waters for onward shipment to Asia with India notably upping its imports of comparatively cheap Russian oil. Our team has vast experience of working in a range of environments. The Russian Tanker Tracking Group, an initiative led by the Ukrainian government, shows that from April 19 to April 26 32 laden crude tankers, 19 product tankers, 26 bulk carriers carrying coal and seven LNG carriers will all discharge Russian commodities at ports across the EU and the UK. However, crude and coal volumes continue to flow west from the Baltic and Black Sea.Īt a webinar on Tuesday, analysts at freight analytics platform Vortexa presented data showing that at least 47.6m barrels of crude, and 2.7m tonnes of coal will have been discharged at EU and American ports for the period from April 1 to April 26.
Many Russian owners have reflagged their vessels in the opening weeks of the war as sanctions rained in, while the Sea/ data makes clear there are many well known, non-Russian shipping names making a fortune with aframaxes out of the Baltic being fixed at rates in excess of $300,000 a day.įrom last Sunday, the European Union joined other nations including the UK in banning entry into the ports of ships associated with Russia. The difficulties of enforcing sanctions against Russia are becoming increasingly evident with a host of foreign shipowners still making a fortune shifting commodities out of the world’s largest nation on day 57 of the invasion of Ukraine.ĭata from shipping platform Sea/ shows a total of 474 ships across all segments are due to call at Russian ports in the coming three weeks, of which 256 are non-Russian flagged. Call us now Contact us for detailed information about our tours and destinations.
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