Congestion related to cold weather and coal shortage in China supported counter–seasonal strength in freight rates

Following IHS Markit’s previous update on the upside risk of winter demand, dry bulk vessels anchored near the northern Chinese ports have increased significantly to an average of 372 vessels in week 3 (starting on 11 January 2021) from an average of 281 vessels in week 50 (starting on 13 December 2020) a month ago, …

The post Congestion related to cold weather and coal shortage in China supported counter–seasonal strength in freight rates first appeared on Hellenic Shipping News Worldwide.

Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *