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<a href="http://www.accessmylibrary.com/article-1G1-207825075/shipowners-see-further-reduction.html" title="Facts and information about SHIPOWNERS SEE FURTHER REDUCTION IN FREIGHT RATES (average spot rates have declined by 65-75 percent).">SHIPOWNERS SEE FURTHER REDUCTION IN FREIGHT RATES (average spot rates have declined by 65-75 percent).</a>
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SHIPOWNERS SEE FURTHER REDUCTION IN FREIGHT RATES (average spot rates have declined by 65-75 percent).
Shipowners in India are expecting a further reduction of prices in the freight market over the next 12-18 months as a result of surplus tonnage coming into the market coupled with a poor trade environment.
Ships are currently under construction and slated for delivery in the next 12-18 months and their entry would put further pressure on fragile freight rates. Average spot rates have declined …
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