2020 freight rate negotiations will be as tough as necessary.
Freight rates are under pressure, global trade is hurt by trade wars, fleets are outgrowing demand and, if this was not enough, the price of fuel is about to take a leap, as the IMO sulphur regulation comes into force on 1 January 2020.
Shipping companies are facing the toughest freight rate negotiations with their customers in years. As the industry prepares for the sulphur regulation to take effect in January, a combination...
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