2020 freight rate negotiations will be as tough as necessary.

 
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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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