Every third VLCC contract is for a floating oil deposit
Many of the largest tankers are being used as floating deposits when they are on charter, according to new numbers from Poten & Partners.
BY KATRINE GRØNVALD RAUN
Several charter contracts for the largest tankers, VLCC, are for deposits of oil, according to numbers from consultant agency Poten & Partners. In the last four to six weeks, the trend has grown, they note:
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.