Life Returns To The Market

摘要

Conditions in the tanker markets improved during November, with average earnings significantly higher on most routes. Still, the number of newbuilds entering the market continues to weigh heavily on freight rates, as tonnage supply exceeds cargo enquiry. Weather delays provided support in the Black Sea and Mediterranean, yet sudden spikes in rates in certain regions quickly attracted ballasters, thus keeping such jumps brief, as the short tonnage lists that had initiated the rate surges quickly lengthened. In Asia, government-imposed power restrictions in China led to a surge in diesel demand to generate electricity, resulting in a rise in imports to the country to alleviate the shortages.