Deep-sea shipping faces tightening conditions due to port congestion, surging export demand, and diverted vessels.
Deep-sea shipping faces tightening conditions due to port congestion, surging export demand, and diverted vessels, with potential record highs. Factors to monitor include the demand boom and union negotiations. In the tanker market, rates have increased due to limited scrapping and supply boosts, with trade disruptions from Houthi attacks impacting tanker routes. The EU's Emissions Trading System and TMX pipeline operations are also influencing the market.
July 07, 2024
3 Articles