The latest twist in ocean shipping’s COVID saga: The new global threat from the omicron variant is being layered on top of existing fallout from delta-variant outbreaks in Europe and Asia.
Assuming omicron is not a false alarm, it’s more bad news for crude and product tanker rates, another positive for container shipping rates (with some downside risk also in the mix) and relatively neutral for dry bulk shipping, at least for now.
No matter what the shipping segment, omicron further obscures the...
https://www.freightwaves.com/news/omicron-threatens-tankers-but-could-extend-container-shipping-boom