Headlines
Russian aggression disrupts tanker trades, spot fixtures down 8 per cent

The increase in VLCC fixtures was the result of more relatively short voyages such as the US Gulf to UK Continent, Poten said. The fall in the number of reported Suezmax and Aframax deals was a result of Russian sanctions, with less intra-regional trade and more long-haul trips to Asia. Both cargo volumes and tonne-miles rose across the board.
China’s Unipec was the largest VLCC charterer by far, with 931 fixtures and an 18.3per cent share of the market, according to Poten’s figures. Next came ExxonMobil, Shell, and Vitol with 4.4per cent, 3.8 percent, and 3.4per cent shares respectively.
The Suezmax picture changed dramatically. Lukoil dropped out of the top ten and was replaced by India’s IOC.
Fewer fixtures were reported in the Aframax sector, Poten noted, although both tonnes moved and tonne-miles increased. This suggests a larger volume of off-market activity, the broker said, particularly fixtures involving Russian crude oil.
Customs
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