Lure of big profits draws more older tankers into Russian oil trade

At least four tankers 15 years or older have joined the pool of vessels delivering Russian oil from Kozmino since May

Russian vessel
Photo: Bloomberg
Bloomberg
2 min read Last Updated : Aug 19 2022 | 9:07 AM IST
The fallout from Russia’s invasion of Ukraine is still making waves in the shipping market, with more older tankers being deployed on the lucrative route hauling the nation’s oil from the Far East to China and India.
 
 
 
 
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Russia Ukraine ConflictRussiaUkraine

First Published: Aug 19 2022 | 9:06 AM IST

Next Story