Chinese water torture is defined as “a painful process in which cold water is slowly dripped onto the scalp, forehead or face for a prolonged period of time, allegedly making the restrained victim insane”, writes Greg Miller, Senior Editor of Freight Waves in an article investigating the crude tanker collapse.
Crude-tanker owners and investors may face their own version of this ancient torment. Today’s agonizingly low rates could be just the beginning.
The massive floating storage volumes that...
https://mfame.guru/painful-crude-tanker-market-collapse-awaits-as-covid-hangover-continues/