Energy scarcity and security fears are combining to send tanker rates to their best levels since the spring of 2020, analysts believe.
Clarksons Platou Securities said spot tanker rates surged late last week due to forward fixing in the Baltic and Black Seas, as well as limited vessel supply as shipowners become unwilling to operate in those areas.
“This unwillingness stems from concerns of transiting in a war zone but also out of fear of carrying a potentially sanctioned cargo,” analysts Frode Morkedal, Omar Nokta and Even Kolsgaard argued.
