Asian Aframax freight for shipping Far East Russia ESPO crude nearly double

The freight rate for hauling Russian ESPO crude from the Far Eastern port of Kozmino to North China soared following Moscow’s invasion of Ukraine on Feb. 24, tanker market sources said March 2. According to latest shipping fixtures, the lumpsum freight for chartering an Aframax-class tanker on the Kozmino to North China route is being reported in the $825,000 to…