Ty,
I've been following.
Whether by coincidence or not, the EU members face low growth and record inflation.
Since pipelines Ru to Asian importers are not currently available, it is no coincidence that a shadow fleet of tankers is up to 600 ships. Now, this is the number of boats and not tonnage but this shadow fleet still represents more than a dent in the cap sanctions.
About 20% of the global tanker fleet changed from mainstream trading to the Ru oil business.
I was wrong a couple of weeks ago in re the new vessel fuel that will determine who can legitimately sail the 7 seas. Had mentioned that there would be no more Jackie Onassis'. My mistake: many boats for this new trade and can guess it is lucrative.
So much going on re the oil (and gas) import-export changes and the de facto trade alliances getting developed.
I'm hoping political stability remains in Europe. So far my hope hasn't worked too well.