Global tanker rates are likely to recover in the fourth quarter of 2021 as easing of coronavirus-related lockdowns pushes up demand amid declining imported stockpiles and rising energy prices, but slow scrapping and ample supply of ships will cap gains, market participants said. Asian VLCC freight is currently hovering around a nine-month high, having breached .
Forecasters See No Supply Chain Recovery Before End of Next Year gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.
Supply chain woes and port congestion are now getting attention at the central-bank level, given their effects on inflation. Federal Reserve Chairman Jerome Powell recently lamented, “It is frustrating to see the bottlenecks and supply chain problems not getting better. In fact … [they are] apparently getting worse.” Powell foresees supply chain woes “continuing into .
Shipping stocks hammered as China fears intensify | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Shipping stocks hammered as China fears intensify freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.