sanctions against Russia led to an unprecedented excitement in the market of tanker transportation. Helping prices (lease – ed.) Courts reached a maximum, writes Bloomberg.
Due to the sanctions imposed on Russia, trading routes were reconfigured in everything. First of all, this affected the spheres of energy, which is why all the major tankers of international carriers went on long-range routes. Medium and small-tonnage vessels went to serve Russian deliveries or their alternatives. Rent of ships has increased by more than 60%, and the number of transactions has reached a record over the past five years.
“Despite the pricing peak, sea transportation is still very profitable and, most likely, will remain like this until the end of the year,” said the head of the Braemar ACM Shipbrokin tanker research department. Ship brokers agree with him. According to them, now the market is frantic demand for ships. According to them, the market understands that waiting for a new ship is long and occupies on average to three years, so demand is formed around already built and used ships.