Clean productsMarket commentary

From Russia with Love

The first Russian diesel cargo bound for the US since 2022 is on the water. What Washington’s deal means for Russian exports, US prices and imports – and for MR tonne-miles.

Affinity (Shipping) LLP

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ULSD on board 40,000T M/T AGIOI FANENDES, due in New York 07/11/2026
Offered under the deal 1.8Mn T 0.3 now, 0.5 in November, 1.0 thereafter
US retail diesel USD6.276 Per gallon, week ended 19/10/2026; USD 3.62 a year ago
Reflagged to Russia 185vessels Since the start of 2025
MR cargo equivalent 45cargoes Or about three days of US diesel demand
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The first cargo sails

US President Trump is not messing around. Less than two weeks after announcing a surprise deal to purchase Russian diesel, the first tanker has departed Russia, bound for New York. According to Kpler tracking data, the M/T AGIOI FANENDES (49,996 DWT 2019-built) loaded in Primorsk on Thursday last week and is bound for New York; the vessel and its 40,000 T of ULSD are due to arrive on 7 November. The buyer and seller are currently unknown; the vessel is owned by Eastmed, a Greek shipowner, and is flagged by Malta.