Malaysian tanker owner MISC Berhad could be a key beneficiary of the current shake-up in tanker markets caused by Russia’s invasion of Ukraine.
The sanctions arising from the conflict are expected to impact most of the 3.2m barrels per day (bpd) of Russian crude exports that travel by sea.
Singapore finance house UOB Kay Hian said Europe’s rush for substitutes for sanctioned Russian cargoes has pushed up US crude demand.
