Ever since inflation rose dramatically earlier this year and especially after oil prices increased. The Chinese economy, which is crucial for the tanker market, is suffering from Covid lockdowns and from a financial housing crisis After the attack on Ukraine, oil prices rose quickly to about US$130/bbl but recession fears have affected prices in recent months and they have declined to around US$100/bbl currently, reports Riviera.
Other crisis that affected the tanker marketThe downturn in the...
https://mfame.guru/global-recession-to-cripple-the-tanker-market/