An unknown China-based merchant has reportedly spent about $376 million to purchase 13 tankers to enable ship-to-ship transfers of Russia’s crude in the waters of the mid-Atlantic, data shared by a maritime intelligence site named Lloyd’s List highlights.
The report mentions that an unknown Chinese buyer has reportedly acquired five Aframax tankers, seven big crude carriers, and a Suezmax vessel via purchases between China and Hong Kong. The buyer purchased ten ships from May to July, and 13 are...