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Trade & Logistics

15 September 2026

Seoul revives long-haul crude freight subsidy

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Source reporting: Splash247

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Seoul revives long-haul crude freight subsidy

South Korea is reviving subsidies for long-haul crude imports from outside the Middle East, a move that could provide another boost to tanker tonne-mile demand as Seoul seeks to lock in the diversification achieved since the Iran war began. The Ministry of Trade, Industry and Energy said it will expand support for the freight differential …

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