Russia’s invasion of Ukraine has supercharged one segment of the shipping market, with soaring freight rates prompting companies to rush to purchase rather than rent vessels.
Trade curbs on Moscow have upended fuel flows, locking up more ships on long-haul routes, while others handle Russian shipments. That’s tightened tanker supply, lifting freight costs and setting off a scramble for used vessels, with the price of so-called clean tankers jumping as much as 60% this year, according to VesselsValue.
