Dwindling Global Economy Knocks Down the Escalating Freight Rates

Geopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand.
Tanker shipping looks set to be under pressure for the rest of the year.
The tanker shipping industry was once again caught in a whirlwind, as freight rates skyrocketed with little regard to the poor market fundamentals.

A news article in BIMCO written by Peter Sand, highlights the details regarding freight rates, price war, rates for small crude tankers and...