Mainlane trades are struggling to increase rates despite blanked sailings, while seasonal demand is expected to be lower than usual
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The closure will have a positive impact on medium-range tonne miles as the US east coast looks to European imports
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‘As for pulling out of a charter altogether, an owner could not justify this unless the charterer can be shown…
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‘Salvors may come under increasing pressure not to invoke Special Compensation P&I Clause payments, or to move on to commercial…
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VLCC and capesize rates were $3,000 and $2,000 higher in June because of scrubber fittings
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