The European Union ban on seaborne Russian refined oil products could lead to a boost for LR2 tankers, with emerging evidence of new long-haul routes, according to cargo data analyst Vortexa.
Russian naphtha exports to Brazil are set to increase for a third consecutive month as Moscow seeks new customers before the 5 February EU import embargo begins.
“This is an indication that long-haul routes have already begun to emerge in anticipation of the ban,” said Dylan Simpson, junior freight analyst at Vortexa.
