Table 1

Changes in inter-regional tanker trade volumes

Trade route2020 volume2024 volumeChange rate
Russia – Europe (Crude)12842−67.2%
Middle East – Asia Pacific572689+20.5%
US Gulf – Europe (Product)78136+74.4%
Intra-Asia-Pacific415573+38.1%
Source(s): Baltic Exchange (2025); Clarkson Research (2025) 

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