MOSCOW: Russian naphtha shipments to South Korea have slowed amid a probe by the country into whether fuel from Russia has been mislabelled as supply from places where cargoes have been transshipped, according to trade sources and shipping data.
The shift in buying by Asia’s top naphtha buyer, along with a crackdown by Greece on transshipments, means Russia will have to sell the petrochemical feedstock elsewhere or park cargoes in storage while facing price caps due to its war on Ukraine.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
