Middle Eastern and Asian companies are snapping up aging oil tankers to transport Russian crude | Business Insider

"Ships earning $80,000 a day in the Mediterranean can make $130,000 a day if they carry Russian oil," an unnamed ship broker told Reuters. That's as crude tanker rates have soared this year to their highest level since 2008 — other than a brief spell during the pandemic in 2020 when oil companies used the ships for storage of excess supply as demand slumped, per Reuters' records.

There have also been 161 Aframax sales so far this year — 5% more than the 153 sold in the same period in 2021, according to VesselsValue.The buyer had spent a total of $376 million buying a total of 13 tankers in various sizes for ship-to-ship transfers of Russian crude oil in the Atlantic Ocean, according to the shipping journal. All the ships were at least 15 years old and most of them were purchased between May and July 2022.

BISouthAfrica Is this why we have the problem off the coast of Mossel Bay? I would say those countries and/or companies need to be fined for this but it would only make CR and Co. even more fatter, jetsetting and bulging pocket than they already are.

BISouthAfrica Gee, nobody predicted that, did they ? 🙄

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The most expensive South African private day schools in 2023 – with one now over R220,000 | Business InsiderIn 2023, SA's ten priciest private schools will charge more for a single matric year than many universities charge for degrees. The gap between rich and poor is massive. Graduating from here is like a assurance to richness because of the education you get and most importantly the connections you will have. How can a kid in goverment school compete ? BISouthAfrica Madness BISouthAfrica 🚶🏾🚶🏾😹😹😹😹😹😹😹
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