Traders Marshal a Fleet of Supertankers to Haul US Oil to Europe
- Proportion of big ships making the journey has soared
- Cost to hire smaller Aframax vessel surges as pool tightens
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Europe is set to import a record amount of American crude this month, relying increasingly on larger tankers as sanctions on Russian oil upend global trade routes.
Ships hauling as much as 1.84 million barrels a day are set to arrive from the US Gulf in March, tanker-tracking data compiled by Bloomberg show. Meanwhile, smaller vessels are getting costly with more being booked to transport Russian oil for journeys to Asia.