EU considers ban on shipping Russian oil as part of price cap
As part of sanctions targeting Russian oil, the European Union is apparently contemplating restrictions on shipping activities, potentially prohibiting EU ships from carrying Russian oil sold above an agreed limit.
By Alberto Nardelli and Ewa Krukowska, bloomberg news
The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction of a price cap on Russian oil, according to people familiar with the matter.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.