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    EU recovers title from China as biggest seaborne oil importer

    来源:shippingazette    编辑:编辑部    发布:2023/09/06 16:47:11

    THE European Union has recovered it title at the world's largest seaborne importer of crude oil, after having been briefly overtaken by China in 2019-2021, according to Genoa shipbroker Banchero Costa, reports Hellenic Shipping News Worldwide.

    In 2020, the 27 countries of the European Union imported 388.8 million tonnes of crude oil by sea, according to Refinitiv vessel tracking data. This represented a net decline of 12.8 per cent year on year, compared to the 446 million tonnes imported in 2019.

    In 2021, seaborne imports into the EU recovered up 3.5 per cent year on year to 402.5 million tonnes. This however was still well below pre-Covid times. In the full 12 months of 2022, imports into the European Union increased 12.3 per cent to 452 million tonnes.

    "In the first seven months of 2023, the EU imported 275.7 million tonnes of crude oil, up 5.3 per cent year on year from the same period of 2022, with the EU accounting for 21.8 per cent of global seaborne crude oil imports.

    About 15 per cent of volumes discharged in the EU in the first half were carried in VLCCs, about 42 per cent is carried in Suezmaxes, and about 42 per cent in Aframaxes.

    Top ports in the EU in January-Juy 2023 were Rotterdam (58.7 million tonnes of crude oil in January-July 2023), Trieste (20.6 million t), Gdansk (19.4 million t), Fos (12.7 million t), Wilhelmshaven (11.2 million t), Le Havre (10.3 million t), Cartagena (8.4 million t), Sarroch (6.9 million t), Augusta (6.3 million t), Algeciras (6.1 million t) and Sines (5.8 million t).

    In terms of sources of the shipments, there has been understandably a bit of politically driven reshuffling", the shipbroker noted.

    "Seaborne imports from Russia, declined by -43.4 per cent year on year in the first half to 37.6 million tonnes, from 66.5 million tonnes in first half 2022, and are down by more than half from the 80.2 million tonnes of first half 2019.

    Russia has now fallen to the fourth largest source of seaborne oil to the EU, accounting for 13.6 per cent of volumes in first half 2023, behind the North Sea with 19 per cent, North Africa with 17.8 per cent, and US with 14 per cent.