30 million dollars to sail: Russian oil freight rates remain at a record high -. Reuters. Freight rates for oil shipments from western Russian ports to India remained at record highs in late October, reflecting risks in the Black Sea and a shortage of ships amid disruptions and strong global demand, trade and shipping sources said. This increases costs for Russian oil exporters, as Western sanctions force Russia to export most of its oil from Western ports to Asia, mainly India and China, via long and expensive routes. Freight costs for shipping Ural crude to India are now around $30 a barrel or more, depending on the ship owner and destination, compared to around $20 in September. The cost of transporting cargo of about 100,000 metric tons in an Apermax tanker from the Russian Baltic Sea ports to western India remained at about $23 million per voyage, down from about $13 million to $16 million in September. The cost of transporting a Suasmax tanker on the same route could be around $27 million, the sources said, adding that shipping costs are weighing on sellers' profits more than ever. The cost of transporting Urals crude from the Black Sea to India in Suasmax tankers with a capacity of about 140,000 tons rose to a record $30 million per voyage, up from about $19 million in September, sources said. The upcoming winter season is expected to further worsen the situation as weather conditions will further complicate shipping, the source said. "Oil sellers are asking for price reductions, but shipowners are reluctant to offer discounts," said one of the sources.

30 million dollars to sail: Russian oil freight rates remain at a record high -. Reuters. Freight rates for oil shipments from western Russian ports to India remained at record highs in late October, reflecting risks in the Black Sea and a shortage of ships amid disruptions and strong global demand, trade and shipping sources said. This increases costs for Russian oil exporters, as Western sanctions force Russia to export most of its oil from Western ports to Asia, mainly India and China, via long and expensive routes. Freight costs for shipping Ural crude to India are now around $30 a barrel or more, depending on the ship owner and destination, compared to around $20 in September. The cost of transporting cargo of about 100,000 metric tons in an Apermax tanker from the Russian Baltic Sea ports to western India remained at about $23 million per voyage, down from about $13 million to $16 million in September. The cost of transporting a Suasmax tanker on the same route could be around $27 million, the sources said, adding that shipping costs are weighing on sellers' profits more than ever. The cost of transporting Urals crude from the Black Sea to India in Suasmax tankers with a capacity of about 140,000 tons rose to a record $30 million per voyage, up from about $19 million in September, sources said. The upcoming winter season is expected to further worsen the situation as weather conditions will further complicate shipping, the source said. "Oil sellers are asking for price reductions, but shipowners are reluctant to offer discounts," said one of the sources.