Business Maverick: Russia sanctions spur buying frenzy for ice-breaking tankers

Some ice-class Aframax vessels have recently been sold at between $31-million and $34-million, double the price compared with a year earlier, said shipbrokers. The bids for tankers have been aggressive and most buyers are preferring to keep their identities secret, they added.

The smaller Aframax-size tankers are most sought after because they can call at the Russian port of Primorsk, where the bulk of its flagshipis exported from. About 15 ice-class Aframaxes and Long Range-2 tankers have been sold since the start of the year, with most ships acquired by undisclosed buyers, shipbroking firm Braemar wrote in a report last month.

Russian currency (Ruble) is doing well and so their economy notwithstanding the anticipation of its rivals

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