Sun, 26 Jul 2020 21:00:57 +0000
Crude tanker rates, which have broadly declined across most routes over the last couple of months, are unlikely to recover anytime soon until there is a sizeable correction in vessel supply. Freight rates have come down drastically from the astronomical levels of March-April 2020 because of weak crude oil trade on account of output curbs …
Full article: https://www.hellenicshippingnews.com/weak-demand-outlook-calls-for-sizeable-supply-correction-for-tanker-market-recovery/