On October 25, Nanjing Tanker Corporation released the performance report for the third quarter of 2022, saying that the company achieved an operating income of 1.838 billion yuan in the third quarter, a year-on-year increase of 98.23%, mainly due to the significant decline in the supply of transport capacity in the market after the outbreak of the Russian Ukrainian conflict, the sharp rise in the freight rates of international product oil, the significant increase in the company's foreign trade business income, and the increase in time charter transport capacity.
Nanjing Tanker is mainly engaged in the transportation of domestic and foreign oil products, chemicals and gases. Since 2022, based on the important position of Russia and Ukraine in the international oil, gas and grain markets, the Russian Ukrainian conflict has caused a major disturbance to the international shipping market.
Source: Xinde Marine News Sarah Yu
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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