The world oil market is witnessing volatility as the maritime industry changes itself to make it viable as per the new IMO 2020 regulations. Charter rates are collapsing, barrels of cargo carrying fleet tankers are going off the market. Despite all this, the analysts in the industry haven’t entirely dimmed the prospects of the shipping industry.
This excerpt from a Bloomberg article written by Firat Kayakiran analyzes the present situation and underlines what the future has in store for us.
The...http://mfame.guru/baltic-dirty-tanker-index-down-by-30-strong-snapback-expected/