Impacts to trade flows seen from geopolitical fallout of Russia’s invasion of Ukraine are expected to have long-lasting bullish effects in the tanker market, tanker owner International Seaways said May 4. “We anticipate permanent changes to oil movements and trade patterns related to Russia’s invasion of the Ukraine,” CEO Lois Zabrocky said in the company’s …
The post Displaced Russian barrels mean ‘permanent changes’ to tanker trade: International Seaways first appeared on Hellenic Shipping News Worldwide.