Russian oil moving to Asia on older vessels elevates shipping risks: Trafigura CEO
The global oil market has witnessed the mushrooming of smaller trading firms who are moving Russian oil much longer distances to regions like Asia in older ships, potentially raising the risk of shipping errors and accidents, Trafigura CEO Jeremy Weir told the Financial Times Live conference Nov. 23.
This article was originally published by Hellenic Shipping News on the 24 November 2022.
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