An “extremely fragile” Libya could yet be a positive factor for a crude tanker market distorted by the Ukraine war, shipbroker Barry Rogliano Salles (BRS) argues.

In 2021, aframaxes and suezmaxes lifted 60% and 40% of Libya’s crude and condensate exports respectively.

Aframaxes on the benchmark Ceyhan to Lavera route have averaged just over $20,000 per day so far this year, three times higher than last, aided by Russian disruption.