Russet RUSAL will try to maintain cargo transportation

- Apr 29, 2018 -

Russet RUSAL will try to maintain cargo transportation

Randy Giveans, a shipping analyst for Jefferies in Houston, said that despite the sanctions imposed by the United States, UC RUSAL will still find ways to continue to deliver goods.

Although larger ship owners in Europe and the United States will avoid cooperation with RUSAL, small operators, especially those in Asia and the Middle East, may find it attractive.

This may cause Rusal’s transportation costs to increase by 20%-30%.

"There may be a third party who buys and re-exports to Russia," Givenans said. "This will increase demand and will help dry bulk shipping."

With the increase of triangular trade, shipping will be more complicated and will benefit small dry bulk ship owners.

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