The Ship-To-Ship Phenomenon

17 Feb 2023:Why is the volume of ship-to-ship transfers growing? Global crude oil and refined product trade flows have reshuffled after the Russian attack on Ukraine. Sanctions have closed off certain markets, such as Europe and forced a rethink about how to best serve more distant new markets (like India and China). In this context, it appears that oil (both crude and products) is increasingly being handled through so-called ship-to-ship (STS) transfers. Why is this the case and do we expect this trend to continue? Please fill out the form to read the article.