DIRTY TANKER QUARTERLY: Market seeks alternatives to Russian crude supplies
The geopolitically exposed dirty tanker markets are likely to remain highly volatile through second quarter of 2022 as crude oil fundamentals remain uncertain. Following the Russian invasion of Ukraine, several dirty tanker freight rates spiked to multiyear or all-time highs as uncertainty flooded into the oil markets. Freight for the Baltic-to-UKC and the Black Sea-to-Mediterranean 80,000 mt routes reached $48.49/mt…