French shipbroker Barry Rogliano Salles (BRS) is predicting a swift return to earth for stratospheric aframax rate assessments skewed by freakishly high Russian premiums.
Rates jumped to $158,000 per day for Black Sea fixtures in the wake of the Ukraine invasion as charterers scrambled for vessels willing to load Russian crude.
BRS said the aframax landscape is “unrecognisable” after a historic 10 days featuring dizzying earnings.
