EU shipowners are going to make money by stopping "Friendship" in the Czech Republic

Stopping the supply of Russian oil to the Czech Republic may increase the income of tanker owners who work in The Mediterranean Sea. It is necessary to bring more raw materials to Italy, from where it is pumped to the Czech Republic.

"Tanker owners will benefit from the fact that the landlocked Czech Republic no longer receives Russian oil. Suezmax and Aframax class tankers will deliver more oil to Trieste, Italy," TradeWinds reports, citing BRS ship brokers.

They believe that shipowners will benefit from increased flows through the Transalpine Pipeline (TAL).

Xclusiv ship brokers note in a weekly review that oil transportation across the Mediterranean Sea (Cross Mediterranean) has increased slightly — up to $ 69 thousand per day.

According to Reuters, last year out of 2.7 million tons were delivered to Russia in the Czech Republic via the Druzhba oil pipeline. In March, deliveries stopped due to difficulties with payment due to sanctions. As a result, alternative supplies of raw materials by TAL began in April, which were planned to be launched only in the middle of the year. After modernization, the capacity of the Transalpine oil pipeline has doubled to 8 million tons.

As Reuters notes, the new TAL capacities were ready earlier, but the Polish Orlen, which owns Czech refineries, did not use them until the last, as Russian oil was 20% cheaper.

The operator of the Mero oil pipelines reported that they reached the new capacity last year.

"It is also true that the Druzhba oil pipeline is fully operational and ready for possible resumption of work," the Czech operator said.