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Oil Tankers Make Rare Mid-Atlantic Switch of Russian Crude Cargo

  • Transfer took place in waters 300 miles west of Madeira in May
  • Most cargo movements occur in sheltered near-shore waters

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.