Shippers of Russian crude are turning to unusual methods to move cargoes displaced from Europe over much longer distances to new customers. The most recent example is a ship-to-ship transfer in the middle of the Atlantic Ocean.
The Aframax tanker Zhen I discharged its cargo into the supertanker Lauren II in waters 300 miles west of the island of Madeira, according to ship-tracking data monitored by Bloomberg. The transfer took place May 26 to 27.
