Tue, 25 Feb 2020 22:00:58 +0000
Demand drivers and freight rates Strong winter demand is fading away and has been reflected in falling freight rates. However, because charters are often fixed months in advance, ships with contracts from Q4 2019 are still earning high rates. Moving into the new year, oil product tanker freight rates have fallen, with smaller vessel sizes …
Full article: https://www.hellenicshippingnews.com/tanker-shipping-freight-rates-drop-as-strong-seasonality-fades-and-high-fleet-growth-and-coronavirus-uncertainty-hits/