Russia-Ukraine

With virtually no new ships on order and demand strengthening, the tanker business seems poised for a bull run.

Germany’s Traton Group topped $42 billion in revenue for 2022 with Navistar contributing significantly to the top and bottom lines.

Daily Russian Fossil Fuel Revenues Still at $500 million

Larger crude tankers are moving more U.S. exports on shorter voyages to Europe as long-haul volumes to China stagnate.

After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.

Sanctions have split the world’s tanker fleet in two. On one side, those that follow Western rules; on the other, those that don’t.

Russian crude restrictions are having the predicted effect on tanker trades, soaking up more vessel capacity as sailing distance lengthens.

Are falling commodity shipping spot rates the result of normal seasonality or a symptom of global economic malaise?

Sanctions on Russian crude exports have yet to boost tanker rates. Some question whether sanctions on Russian diesel will either.

The predicted boost to tanker rates from Russian crude disruptions has yet to materialize. Instead, rates have declined.

Just as the pandemic wound down, another market-altering event for shipping — the Ukraine-Russia war — ramped up.

Even if no oil moves under price caps, Russian exports could face deep discounts and continue to flow via “shadow tankers.”

Global energy trades face even more tumult ahead. “This could get crazy,” says Scorpio Tankers’ Robert Bugbee.

The Ukrainian aircraft manufacturer Antonov said it expects rebuilding the aircraft destroyed by Russian fighters to cost at least 500 million euros.

Some VLGCs carrying propane and VLCCs carrying crude have joined LNG carriers in shipping’s six-figures-per-day club.

Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.

Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.

The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.

As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.

With war raging and pipelines sabotaged, shippers are paying astronomical sums to transport LNG across the oceans.