“The seasonal factors of poor weather, ice, fog and the resulting delays come together to cause havoc to vessels’ itineraries and hence restrict the volume of vessels available for trade, ultimately pushing up rates,” the London-based shipbroker said in an e-mailed report today. “If the winter is as bad as the weather fraternity predict we could see earnings skyrocket.”
gCaptain is the top-visited maritime and offshore industry news site in the world. Since 2007, gCaptain has proven to be a highly effective platform for information sharing and a source for up-to-date and relevant news for industry professionals worldwide.
SubscribeClick HERE for gCaptain’s free daily newsletter.
- Search gCaptain...