Author: Nishtha Mukherjee
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Why will shipping freights not drop in near term?
Shipping freight rates are not likely to come down in the near future. The market will remain firm, essentially because vessel supply will be under pressure. Dry bulk fleet CAGR growth from CY’15-20 was 3.3% while in CY’20-26 is pegged at 2.2%, indicating supply side is slowing down. In the current scenario, when freights are…