pressure
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News
Continued downward pressure with a significant decline in VLCC demand growth rates
The second week of September maintains its grip on the crude oil freight market’s sentiments, as VLCC rates have yet…
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News
Long-term ocean freight rates hit two-year low just as record new levels of ships enter the market and overcapacity adds further pressure
Global long-term shipping rates sank to a two-year low in July, with the latest data from Xeneta’s Shipping Index (XSI®)…
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