Japan’s big three hit by lower dry bulk rates
The three Japanese owners — Nippon Yusen Kaisha, Mitsui OSK Lines and Kawasaki Kisen Kaisha — were heavily impacted by lower freight rates in the dry bulk sector during the first quarter of the financial year. The owners remain cautious concerning the effects of the protracted US-China trade dispute
Product tanker rates set to rise because of an increase in demand for gas oil transportation before the 2020 sulphur cap, said MOL
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