Geopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand, writes BIMCO CEO, Peter Sand in an article published on their website.
According to Peter Sand, Tanker shipping looks set to be under pressure for the rest of the year.
Demand drivers and freight ratesThe tanker shipping industry was once again caught in a whirlwind, as freight rates skyrocketed with little regard to the poor market fundamentals before the latter...
https://mfame.guru/tanker-shipping-to-be-under-pressure-in-2020-says-bimco-ceo/