China’s Top Oil Trader Hires More Tankers to Ship Russian Crude
- Unipec hires at least 10 ships to transport ESPO from Far East
- That’s a fivefold gain on vessels booked last month: Vortexa
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China’s oil trading giant Unipec has significantly increased the number of hired tankers to ship a key crude from eastern Russia.
China International United Petroleum & Chemical Co., better known as Unipec, has chartered at least 10 tankers so far this month to transport Russian ESPO crude that’s loaded from Kozmino port, according to traders and a shipbroker. That would be a fivefold increase on the number of vessels booked for the trade a month earlier, data from shipping analytics firm Vortexa show.