Enforcement of the G7 product price caps has tightened the available pool of compliant tonnage carrying Russian-origin distillates. Shadow fleet replacement is partial: specifically, clean Aframax availability into the Mediterranean has tightened by an estimated 12% over six weeks.
The effect is a structural lift to TC6 (Black Sea–Med) and TD19 (cross-Med) rates that is unlikely to unwind without a policy shift.