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The buyers are unknown persons who will continue exporting from Russia. European companies do not risk staying in this area and try to compensate for losses by selling tankers.

Unknown buyers continue to buy up oil and oil product tankers to carry Russian fuel on new routes.

The main shipments go to Africa, Latin America, the Middle East and Asia - replacing the European Union, which has banned imports of raw materials and fuel from Russia since December 5 and February 5.

According to reports from ship broker Xclusiv, in the four weeks of March, 54 oil and petroleum product carriers sold in the tanker market.

At the same time, only in 12 cases the buyers were known. In the rest of the deals, they remained unknown or only information about their location was available: Turkey, China, Middle East and Singapore.

German Tanker Shipping (GTS) also sold ships this week.

The German ship owner managed to sell two old tankers at record prices - Seahake (32,500 tons) and Searay (32,300 tons).

The vessels, which are 20 and 19 years old this year, gave away $15 million each, Xclusiv's report said.

The vessels sold to unknown buyers are notable for their ice class (1B) and suitability for carrying oil products from Russian Baltic ports.

TradeWinds also confirms the information about the sale. It points out that the ships were overpaid for. VesselsValue estimates the real value of the tankers at $10.5 mln and $11.5 mln.

After the transfer of the tankers to the new owner, the fleet of German German Tanker Shipping (GTS) will be reduced to 13 tankers, and, to all appearances, the ship owner is trying to compensate for the loss of the Russian market.

GTS chief executive Frank Junghmann told TradeWinds last week that the company has had to give up its core business, shipping oil products from Russia.

Last year it faced protests against the unloading of its tankers carrying Russian oil products at German and UK ports, but the activists had no impact on shipments.

But the threat of the unpredictable effects of trade sanctions, including a price ceiling, has forced GTS to leave the Russian market, Frank Jungmann noted.

It is possible that the German shipowner stopped carrying Russian oil products, but continued to work through Russian ports.

This is evidenced by data from navigation portals.

Thus, the tanker Seychelles Prelude left Ust-Luga on 19 March and plans to arrive in Augusta, Italy, on 5 April.

At the same time the Seychelles Patriot has already arrived from the Baltic port to Italy - on March 29. The tankers can carry Kazakh oil products.

Ship owners from all EU countries except Greece have stopped carrying Russian oil products and oil, despite the fact that the current discounted price is within the price limit, which allows transporting without violating sanctions.

At the same time the Greek fleet is the largest in the world and its share in the transportation of Russian oil in February, as EADaily reported, could be as high as 30%.

The rest is transported by Sovcomflot ships and the grey tanker fleet, which unknown companies started to form to redirect Russian supplies outside the EU and G7 countries as early as last summer.

https://eadaily.com/ru/news/2023/03/30/vozivshaya-toplivo-iz-rossii-kompaniya-es-rasprodaet-tankery-suda-snova-poydut-v-rossiyu

The buyers are unknown persons who will continue exporting from Russia. European companies do not risk staying in this area and try to compensate for losses by selling tankers. Unknown buyers continue to buy up oil and oil product tankers to carry Russian fuel on new routes. The main shipments go to Africa, Latin America, the Middle East and Asia - replacing the European Union, which has banned imports of raw materials and fuel from Russia since December 5 and February 5. According to reports from ship broker Xclusiv, in the four weeks of March, 54 oil and petroleum product carriers sold in the tanker market. At the same time, only in 12 cases the buyers were known. In the rest of the deals, they remained unknown or only information about their location was available: Turkey, China, Middle East and Singapore. German Tanker Shipping (GTS) also sold ships this week. The German ship owner managed to sell two old tankers at record prices - Seahake (32,500 tons) and Searay (32,300 tons). The vessels, which are 20 and 19 years old this year, gave away $15 million each, Xclusiv's report said. The vessels sold to unknown buyers are notable for their ice class (1B) and suitability for carrying oil products from Russian Baltic ports. TradeWinds also confirms the information about the sale. It points out that the ships were overpaid for. VesselsValue estimates the real value of the tankers at $10.5 mln and $11.5 mln. After the transfer of the tankers to the new owner, the fleet of German German Tanker Shipping (GTS) will be reduced to 13 tankers, and, to all appearances, the ship owner is trying to compensate for the loss of the Russian market. GTS chief executive Frank Junghmann told TradeWinds last week that the company has had to give up its core business, shipping oil products from Russia. Last year it faced protests against the unloading of its tankers carrying Russian oil products at German and UK ports, but the activists had no impact on shipments. But the threat of the unpredictable effects of trade sanctions, including a price ceiling, has forced GTS to leave the Russian market, Frank Jungmann noted. It is possible that the German shipowner stopped carrying Russian oil products, but continued to work through Russian ports. This is evidenced by data from navigation portals. Thus, the tanker Seychelles Prelude left Ust-Luga on 19 March and plans to arrive in Augusta, Italy, on 5 April. At the same time the Seychelles Patriot has already arrived from the Baltic port to Italy - on March 29. The tankers can carry Kazakh oil products. Ship owners from all EU countries except Greece have stopped carrying Russian oil products and oil, despite the fact that the current discounted price is within the price limit, which allows transporting without violating sanctions. At the same time the Greek fleet is the largest in the world and its share in the transportation of Russian oil in February, as EADaily reported, could be as high as 30%. The rest is transported by Sovcomflot ships and the grey tanker fleet, which unknown companies started to form to redirect Russian supplies outside the EU and G7 countries as early as last summer. https://eadaily.com/ru/news/2023/03/30/vozivshaya-toplivo-iz-rossii-kompaniya-es-rasprodaet-tankery-suda-snova-poydut-v-rossiyu

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