EU’s embargo of Russian oil to boost clean tanker demand into 2023: Ardmore

Clean tanker owner and operator Ardmore Shipping expects global product tanker ton-mile demand to increase 7%-8% due to the EU oil embargo of Russian products, CEO Anthony Gurnee said during the company’s third-quarter earnings call Nov. 2. “The Russian oil embargo has the potential to continue boosting demand in an already tight market, which we expect will persist into 2023,…