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Maroc Maroc - SHIPPINGHERALD.COM - A La Une - 15/Jan 07:52

Oil shipping rates surge after US sanctions hit availability

Supertanker freight rates jumped after the U.S. expanded sanctions on Russia’s oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said. Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers […]

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