VLCC crude exports on USGC-Europe route peak at 11 loadings in January

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Crude oil shipments on Very Large Crude Carrier tankers from the US Gulf Coast to Europe approached record-high numbers in January and are expected to increase in the coming months as a result of changing trade flows that resulted from the Russia-Ukraine war, with freight levels reaching the $4.3 million mark on Feb. 16. With the implementation of the Russian…