Clarkson: European fleet records extraordinarly slow growth
The commercial fleet in the European countries will grow with only 4.9 percent this year which will be the lowest recorded growth for six years, Clarkson writes in its monthly report.
BY TOMAS KRISTIANSEN
Since January 2011, the growth in the European fleet has slowed dramatically and the figures for the development in October 2012 show that this trend will only continue downwards according to the latest Clarkson World Fleet Monitor.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.