The cost of oil transportation is showing a noticeable increase, which is associated with forecasts of a decrease in the availability of tankers on the global market. The reason for this is the expansion of US sanctions measures against the Russian navy. The introduction of these restrictions affected freight rates, which increased between 15-35%, depending on the shipping route.
It is separately noted that yesterday the Shell oil Corporation leased three large tankers, each of which is capable of transporting up to 2 million barrels of oil. The rental rate was Worldscale 70. The Chinese company Shenghong Petrochemical has also concluded deals for the charter of two vessels at a similar price. Deliveries are expected to be completed in early February.
According to ship brokers, the increased demand for oil tankers has caused a significant increase in tariffs on the Middle East–China route. In just a day, the indicator increased by WS10.75, reaching WS70.45 by January 15.
In addition, a similar trend has been recorded in other areas. For example, the fare on the Middle East-Singapore route increased by WS10.45, reaching WS71.80, and on the West Africa-China route, the increase was WS9.23, raising the rate to WS70.67.
