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  • EU's seaborne imports of crude oil from Russia declined by -12.2% y-o-y in Jan-Dec 2022 to 98.8 mln tonnes
  • 2023 January 18 17:21

    EU's seaborne imports of crude oil from Russia declined by -12.2% y-o-y in Jan-Dec 2022 to 98.8 mln tonnes

    In the full 12 months of 2022, global crude oil loadings were up +8.5% y- o-y at 2,047.3 mln tonnes, excluding all cabotage trade, according to vessels tracking data from Refinitiv, states the Banchero Costa report. This was well above the 1,886.3 mln tonnes in Jan-Dec 2021, but slightly below the 2,110.5 mln tonnes in the same period of 2019.

    Exports from Saudi Arabia are up +17.2% y-o-y to 362.8 mln t in Jan- Dec 2022, above pre-Covid levels. Seaborne shipments from other AG countries are also up by +9.8% y-o-y to 516.5 mln t in the same period, but still below pre-Covid levels.

    Exports from Russia have also increased by +10.3% y-o-y to 218.5 mln tonnes, slightly below the 225.1 mln t in the same period of 2019.

    From the USA, exports surged by +22.3% y-o-y to 164.3 mln t.

    From West Africa, however, volumes are down -2.4% y-o-y to 170.4 mln t.

    From the North Sea, exports are also down by -1.9% y-o-y to 107.4 mln tonnes in Jan-Dec 2022.

    In terms of demand, seaborne imports into Mainland China declined by -3.6% y-o-y to 436.7 mln t in Jan-Dec 2022. Imports to India, on the other hand, surged by +11.7% y-o-y to 224.2 mln t in the same period. 

    The European Union has now once again emerged as the world’s largest seaborne importer of crude oil, after having been briefly overtaken by China in 2019-2021. In 2021, Europe performed relatively better than other regions, although this mostly reflects a bounce back from being one of the worst performing ones in 2020, the shipbroker's report says.  In the full 12 months of 2022, imports into the European Union rallied further by a massive +12.3% y-o-y to 452.0 mln tonnes. About 11 percent of volumes discharged in the European Union in 2022 were carried in VLCCs, about 38 percent is carried in Suezmaxes, and about 50 percent in Aframaxes.

    Top ports in the EU in 2022 were Rotterdam (97.2 mln tonnes of crude oil in 2022), Trieste (36.3 mln t), Gdansk (21.4 mln t), Wilhelmshaven (20.8 mln t), Fos (19.2 mln t), Le Havre (18.0 mln t), Cartagena (14.7 mln t), Sarroch (12.7 mln t), Augusta (11.4 mln t), Algeciras (10.1 mln t). 

    Seaborne imports from Russia, declined by -12.2% y-o-y in Jan-Dec 2022 to 98.8 mln tonnes, from 112.5 mln tonnes in Jan-Dec 2021, and are down by a third from the 128.5 mln t of Jan-Dec 2019. Russia remained the top supplier of seaborne oil to the EU, accounting for 21.9% of volumes in 2022, ahead of the North Sea with 17.0% and North Africa with 15.4%. 

    Shipments from West Africa to Europe were up by +27.5% y-o-y to 50.2 mln tonnes in Jan-Dec 2022.

    Imports from the USA surged by +43.1% y-o-y to a new all time record of 51.4 mln t in Jan-Dec 2022. Direct shipments from the Arabian Gulf also rebounded sharply by +76.4% y-o-y to 34.2 mln tonnes, but were still down compared to the 39.8 mln tonnes in Jan-Dec 2019.

2023 December 9

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14:33 BIMCO adopts portfolio of four ETS clauses
12:07 LBCT awarded for its investment in zero-emission technologies, cargo-handling efficiencies, and carbon-slashing strategies
10:17 Pacific Basin closes new US$150m 3-year sustainability-linked unsecured revolving credit facility

2023 December 8

18:00 Norway’s largest zero-emission ferry launched in Turkey
17:06 VTTI and Höegh LNG sign agreement to jointly develop energy terminal in Zeeland, Netherlands
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16:35 ABB supplies world-first maritime megawatt charging system for Auckland Transport’s new electric ferries
16:13 ORNL, Caterpillar collaborate to advance methanol use in marine engines
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14:55 Jiangnan Shipyard unveils design for the ‘world’s largest’ nuclear-powered containership
14:20 Avance Gas agrees to sell two newbuildings for $240 million at a $73 million estimated profit
13:45 Iran seizes two more vessels in Persian Gulf for 'fuel smuggling'
13:25 Pacific International Lines and DP World sign MOU to jointly develop green solutions for global supply chains
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11:43 Gunvor partners with ClearShift on zero carbon diesel and chemicals
11:15 Masdar signs Joint Study Agreement for supply of green hydrogen to the Port of Amsterdam
10:51 GTT enters into strategic cooperation agreement with the major Chinese ship-building group CSSC
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09:18 Hayfin to acquire up to $1bn of shipping assets through Maritime Yield strategy
08:25 Euronav orders 1 VLCC and 2 Suezmaxes

2023 December 7

18:02 Maersk to deploy first large methanol-enabled vessel on Asia - Europe trade lane
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16:24 Singapore and Tianjin sign MoU to establish the Singapore – Tianjin Green and Digital Shipping Corridor
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14:22 Fluxys, OGE and Wintershall Dea sign a cooperation agreement for CO2 transport
13:52 ClassNK awards AiPs for SDARI’s three green fuels powered vehicle carriers
13:12 ABS publishes industry-leading best practices for ESG reporting
12:41 MOL and DP World sign MoU to explore auto logistics and decarbonization business opportunities
12:15 DEME and FARIA enter agreement to explore and co-develop offshore wind farms in Greece
11:52 Jan De Nul signs first two contracts with TenneT under 525 kV HVDC cable system frame cooperation
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11:13 Russian Far East shipyards’ backlog of orders hits three-year high, says Central Bank
10:51 Jiangnan Shipyard and Bureau Veritas sign a cooperation agreement on shipyard digitalization and 3D design reviews
10:29 Singapore, Norway and IMO unveiled LR's report at the Voyage to Net-Zero Forum

2023 December 6

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17:19 LR awards CSBC Approval in Principle for methanol-fuelled 2,500 TEU feeder design
16:20 Maritime and Port Authority of Singapore, Port of Los Angeles and Port of Long Beach unveil Partnership Strategy on green and digital shipping corridor
15:59 ClassNK awards AiPs for SDARI’s green fuels powered vehicle carriers for ammonia ready LNG dual fueled
15:24 DNV awards AiP for world’s largest car carrier design by Сhina Merchants
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12:51 Fuel cell manufacturer Blue World Technologies closes financing round with Maersk Growth and EIFO
12:11 MOL and Bapco Energies sign MoU for development of cross border CO2 transport and sequestration
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11:10 Sumitomo Corporation and Hoegh Autoliners sign LoI to collaborate on the supply of clean ammonia for upcoming Aurora Class PCTC vessels
10:47 ROSATOM successfully completes production of RITM 200 reactors for Project 22220 universal nuclear icebreakers
10:32 Seaspan enters new market segment with strategic order of new dual-fuel LNG Pure Car and Truck Carrier vessels
10:09 ERMA FIRST awarded AiP from DNV for onboard carbon capture system
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2023 December 5

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