The COVID-19 pandemic has sent shock waves through the shipping industry. The supply glut of crude oil due to the Saudi/Russian price war and the declining demand due to global “stay at home” advisories sent tanker rates through the roof as oil traders and marketers scrambled to lock down floating...
https://www.hellenicshippingnews.com/tale-of-two-vessels-hedging-freight-to-control-costs/