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Structural oversupply weakens freight recovery prospect

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Listen: Structural oversupply weakens freight recovery prospect

While a weak orderbook is seen with enthusiasm by tanker owners, who have suffered from increased competition amid structural overtonnage, floating storage enquiries and weaker scrapping prices have caused owners to refrain from scrapping their oldest tonnage in 2020. Our shipping experts discuss the latest developments in an oversupplied freight market.

To learn more about the shipping markets, check out our latest special report, which looks at what's in store for Q4 2020 and beyond.