Finland’s Lundqvist Rederierna is facing the prospects of idled tankers because of its heavy exposure to Russian export cargoes.
“For now, all my ships are still employed,” managing director Ben Lundqvist said. “If you ask me again next week, I will know more about it then.”
The aframax specialist based on Finland’s Baltic island of Aland has until recently had half of its 10-ship fleet trading in the Black Sea and the Mediterranean and half in northern Europe.