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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 March 30

18:23 Konecranes launches new Zero4 program to receive EUR 70 million from Business Finland
18:17 NORDEN partner with Spar Shipping on use of biofuel
18:07 Belize, Japan and Portugal join the 2012 Cape Town Agreement
17:54 Transport hub for Russia’s export grain to be created in Iran
17:31 RF Government to finalize plans on development of transport corridors
17:29 NORDEN enters Capesize segment
17:23 Seaspan gets more than $2 billion in contracts to Canadian companies for the design and construction of new, large non-combat vessels
17:20 Wan Hai Lines holds ship naming ceremony for new vessel Wan Hai 331
17:15 Meyer Werft announces keel laying for Disney Treasure
17:06 Russian Federal Fisheries Agency approves expansion of Zvezda shipyard’s capacity
16:45 The combined EBIT of 12 largest shipping lines reach USD 95bn in 2022
16:26 Wartsila launches world-first radical derating solution for two-stroke engines
16:25 DP World sets new Southampton record for handling containers on ship
16:05 Hyundai GLOVIS partners with GoodFuels on first biofuel bunkering for a Korean flagged PCTC vessel
15:42 EU agrees stronger legislation to accelerate the rollout of renewable energy
15:29 TransContainer launches service for cargo traffic to China via Saint Petersburg
15:20 LR awards AiP to Hyundai Heavy Industries for its new Onboard Guidance System
15:04 SCZONE signs a framework business agreement with Suez Canal Container Terminal Company
14:57 RF Transport Ministry extends validity period of seafarers’ documents until 30 June 2023
14:32 MacGregor receives a large order for RoRo equipment for dual-fuel LNG Pure Car and Truck Carriers for Sallaum Lines
14:28 ScottishPower formalises a £1.3billion contract with Siemens Gamesa for 95 wind turbines for the East Anglia Three offshore windfarm
13:54 COSCO SHIPPING Ports total throughput increases by 0.6% to 130,107,074 TEU in 2022
12:58 Alfa Laval joins the Global CCS Institute
12:46 USC’s Lotos Shipyard starts cutting steel for lead container ship of Project 00108
12:22 Sergey Kulikov appointed as General Director of Russian Maritime Register of Shipping
12:01 MAN Energy Solutions’ MAN 49/60DF engine receives Type Approval
11:45 Dredging works commenced on Volga-Caspian Canal
11:33 Port of Houston container volumes up 15% in February 2023
11:04 VARD Electro AS signs multi-million-euro project with Yaskawa Environmental Energy / The Switch
10:41 Global long-term container rates down by 24% since August 2022 - Xeneta
10:23 RC Dock receives Class Approval from RINA for new remotely controlled unmanned workboats
10:11 RosGeo invested about RUB 500 million in equipment of ships in 2022
09:58 The Maritime and Port Authority of Singapore сollaborates with Bluenergy Solutions to launch Proof of Value project for clean tidal energy
09:24 Ordering of special ships for tourism is easier than modernization of research vessels for cruises - RosGeo

2023 March 29

19:28 The problem of excess stock in Russia’s Far Eastern ports is settled – Vladimir Putin
18:37 ABP and Sizewell C plan to develop Direct Air Capture facility at Port of Lowestoft
18:06 Port of Savannah adds 55 hybrid yard cranes
17:46 ADNOC LS unveils Integrated Logistics Services Platform
17:30 Roundtable meeting “Working professions in seaports” to be held in online format on 25 April 2023
17:16 Inland ports welcome a a deal on the requirements for Alternative Fuel Infrastructure
17:03 Rosneft Oil Company and Indian Oil Company sign agreement to substantially increase oil supplies
16:49 IMO CARES project receives a further round of funding from the Kingdom of Saudi Arabia
16:31 Poseidon Acquisition acquires all of the outstanding common shares of Atlas
16:26 DP World expands offering at the Port of Berbera in Somaliland with new edible oil terminal
16:14 Fuel oil and VGO shipments from Russian ports to Singapore and Malaysia could exceed 1.1 million metric tonnes in March
15:43 Moín Container Terminal receives its third largest vessel
15:27 Russian Railways to increase Eastern Polygon capacity by 9.5% this year
15:13 Syria port authority shuts all ports due to bad weather - Reuters
14:59 USC General Director named flammability and price of composite materials as key factors hindering their use in shipbuilding
14:12 ICS publishes new landmark practical medical guide
13:42 Wartsila to supply the engines for Celebrity Cruises’ new ship
13:23 Lead bulkers for grain exports to be launched in 2025-2026 — Rosagroleasing
13:12 DNV upgrades AFI platform to promote data-sharing and accelerate transition to zero-carbon shipping
12:42 GTT entrusted by Samsung Heavy Industries with the tank design of a new Floating Liquified Natural Gas unit
12:08 Eight new LNG carriers will feature Wartsila reliquefaction systems
11:36 NYK to make Mitsubishi Ore Transport its wholly-owned subsidiary
11:12 Tianjin Port Development announces 2022 results
11:00 DP World opens one-stop refrigerated container facility in Sydney
10:56 Belarus exports its cargo via 20 Russian ports at preferential tariffs – PM Roman Golovchenko
10:45 Greek fleet shrinks for the first time since 2018