Tanker owners have a love-hate relationship with U.S. sanctions. On one hand, sanctions can pull perfectly good fleet capacity from the market, causing spot rates to skyrocket. On the other, your own perfectly good fleet capacity can get pulled from the market.
What’s unnerving to tanker owners about U.S. sanctions is their apparent randomness: some ships get hit, others that perform the exact same voyages do not. It calls to mind the famous Shirley Jackson story, “The Lottery,” in which a...
https://s29755.pcdn.co/news/will-venezuela-sanctions-spark-another-tanker-spike