Grindrod Shipping says trade woes threaten market confidence
Singapore-based minor bulks company sees better market fundamentals ahead as reduced supply combines with continued strong demand in the minor bulks segment. It is also upbeat on the product tanker segment as refining capacity rises amid changes in trading patterns
Grindrod Shipping also sees a positive impact from the implementation of the IMO 2020 regulations on the overall market as supply is limited due to higher scrapping rates, increased off-hires and slow steaming
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