Structural oversupply weakens freight recovery prospect
from Commodities Focus
While a weak orderbook is seen with enthusiasm by tanker owners, who have suffered from increased competition amid structural overtonnage, floating storage enquiries and weaker scrapping prices have caused owners to refrain from scrapping their oldest tonnage in 2020. Our shipping experts discuss the latests developments in an oversupplied freight market. To learn more about the shipping markets, check out our latest special report, which looks at what's in store for Q4 2020 and beyond.
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How long is this episode of Commodities Focus?
This episode is 9 minutes long.
When was this Commodities Focus episode published?
This episode was published on October 6, 2020.
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