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Weak demand outlook calls for sizeable supply correction for tanker market recovery

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 ...

WP_Post Object ( [ID] => 227868 [post_author] => 79 [post_date] => 2020-07-26 21:00:57 [post_date_gmt] => 2020-07-26 21:00:57 [post_content] => 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 ... [post_title] => Weak demand outlook calls for sizeable supply correction for tanker market recovery [post_excerpt] => 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 astronomica... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => weak-demand-outlook-calls-for-sizeable-supply-correction-for-tanker-market-recovery [to_ping] => [pinged] => [post_modified] => 2020-07-26 21:00:57 [post_modified_gmt] => 2020-07-26 21:00:57 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=827101 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )