December 2023

MR Panama Canal Congestion: The congestion in the Panama Canal remained significant for MR, which had a positive impact on USG rates

Sentiment for crude oil freight rates deteriorated in November, which was particularly evident in the weaker trend towards the end of the month. However, there was a glimmer of optimism in the Very Large Crude Carrier (VLCC) segment, supported by a dow…

MR Panama Canal Congestion: The congestion in the Panama Canal remained significant for MR, which had a positive impact on USG rates Read More »