Platts may normalize tanker freight rates for Russian voyages

Platts, part of S&P Global Commodity Insights, would like to clarify that its freight assessments reflect typical spot voyages on any given route.

According to the EU's fifth sanctions package, imports of some Russian products into the EU, including high sulfur fuel oil, have been banned since Aug. 10, 2022.

In addition, the EU has also imposed a complete import ban on all seaborne Russian crude oil to the bloc from Dec. 5, 2022.

In light of these sanctions, freight rates for tankers loading in Russia have been fixed at significant premiums to other regional locations in the Black and Baltic Sea.

As such, these may be normalized to typical loadings for assessment purposes.

This applies to the following dirty tanker assessments:

Platts will continue to monitor the situation, and changes in prevailing trade flows, and welcomes feedback on the issue.

Please send all feedback, comments or questions to shipping@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.