The tanker market enjoyed a dramatic turnaround in fortunes in 2022 as the Russian invasion of Ukraine and resulting sanctions saw spot rates ramp up and a redrawing of trade flows, but will the good times continue in 2023?
In the fourth part of our shipping market outlook series, we are focusing on the #tanker sector with Maritime Strategies International (MSI) analyst Tim Smith. Speaking to the Seatrade Maritime Podcast, he describes a “rags to riches” story for tanker owners depressed demand during the pandemic gave way to a wave of market disruption from the Russian conflict in Ukraine.
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