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Many non-Russian shipowners still transport Russian crude, reap big rewards

Many non-Russian shipowners still transport Russian crude, reap big rewards

by AIP Online Bureau | Jul 6, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Shippers can earn around $1.6 million hauling Russian ESPO oil on a small tanker from the eastern port of Kozmino to China, said shipbrokers. That’s around triple the amount prior to the invasion of Ukraine, based on data compiled by Bloomberg. The lucrative trade has...

Global investors flee China fearing that risks eclipse rewards

by AIP Online Bureau | Apr 18, 2022 | Eco/Invest/Demography, International News, Policy

Some international investors are finding an aggressive allocation to China increasingly unpalatable. Outflows from the country’s stocks, bonds and mutual funds accelerated after Russia’s invasion of Ukraine, while Norway’s $1.3 trillion sovereign wealth fund has...

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