The commerce in Russian oil represents a profitable alternative for risk-taking delivery entrepreneurs much like the Somali piracy disaster greater than a decade in the past, a director of a significant new tanker proprietor claims.
Karl Martin Nygaard, chief technique officer of Fractal Transport, advised TradeWinds’ sister publication Dagens Naeringsliv (DN) that freight premiums accessible for hauling Russian crude will disappear as extra gamers enter the market.
From a start-up in Geneva in 2022, Fractal has develop into a key participant in hauling Russian oil, and its vessels are seen by analysts as a part of the “shadow fleet” of ageing vessels with opaque possession constructions.
