Two tankers with Russia's Urals oil idle for weeks off West Coast of India

It remains unclear why they have been idling but there are growing signs that western sanctions are disrupting the fleet of tankers moving Russian oil

oil shipment, crude oil, oil export
Photo: Bloomberg
Bloomberg
2 min read Last Updated : Mar 18 2024 | 11:57 PM IST
By Sherry Su


Two tankers carrying Russian flagship Urals crude have been idling off the West Coast of India for more than three weeks without any indication of when they will unload.
 
The Aframax tanker Crude Centurion arrived at the West Coast of India on Feb. 21, about 100 miles away from Sikka, its destination. Another, the Afragold, had been floating nearby since Feb. 29 after briefly signaling Mundra. Both loaded about 700,000 barrels of Urals from Russian Baltic sea port Primorsk in January. 

It remains unclear why they have been idling but there are growing signs that western sanctions are disrupting the fleet of tankers moving Russian oil. 

Tankers transporting the nation’s barrels have been doing strange things following a ramp up in US sanctions targeting traders and shipping companies moving the nation’s petroleum. Over the past few months, several tankers idled in the Indian Ocean for days before discharging in Indian ports or diverting to Middle East. 

Russia’s Sokol crude was hit hardest by tightened sanctions. At its height, the stranded oil amounted to as much as 18 million barrels earlier this year after Indian refiners shunned the grade. The backlog is finally clearing up with most tanker heading to China after idling weeks in water. 

Shipments of Urals have been relatively undisturbed.

Afragold is managed by a firm called Universal Tanker Mgmt UTM-MAI, according to the Equasis international maritime database. A Malta phone number listed for the company didn’t work. Crude Centurion is managed by Athens-based Stealth Maritime Corp. A person answering the phone said nobody was available to comment because it’s a public holiday in Greece.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Crude OilRussiaoil market

First Published: Mar 18 2024 | 11:57 PM IST

Next Story