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Since the European Union sanctioned Russian oil exports in 2022, crude oil and dirty and clean petroleum products (CPP) have found new buyers. India and China have taken most of the crude oil and dirty products while Türkiye and Brazil have emerged as the main buyers of CPP. Year-to-date, Brazil’s import of Russian CPP has increased by 135% year-on-year.
BIMCO has started work to draft an industry standard clause for the Russian Oil Cap Scheme.
On Tuesday 7 March, BIMCO hosted an opening reception, gathering industry relations, peers, and policy makers to celebrate the opening of our Brussels office. BIMCO’s presence in Brussels is inevitable at a time when the shipping industry works towards decarbonisation and EU regulations have significant impacts on the entire maritime industry and the environment.
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+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)