Western sanctions on Russian fuel = more costly trips for energy shippers

Western sanctions on Russian shipments have disrupted global energy shipping patterns, forcing global fuel suppliers to resort to longer and pricier routes to transport diesel and other products, Reutersreports. Tankers transporting clean oil products are traveling between 16-18 days to transport Russian cargoes to Brazil or US cargoes to Europe due to the EU’s sanctions on Russian fuel, compared to the 4-6 days it took a ship to sail from Russia to Europe previously. The Clean Tanker Index, published by the Baltic Exchange, which measures average freight rates for shipping fuels on the most popular worldwide routes, has more than doubled since the ban came into effect, Reuters writes.