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Shipping industry: A two-tiered post-IMO market is turning out to be a multi-tiered one
Feb 24: Black swans events are no longer catch phrases in the shipping industry as the Coronavirus has now shown
8The industry is also witnessing issues of its own: from a potentially two-tier market, with and without scrubbers, the experience now is that it is a multi-tiered market, with various levels of complications.
8Moreover, especially for scrubbers-fitted units, freight rates are following a completely different orbit than what was presented by the quoted Baltic freight indices.
8With the market in disarray, where uncertainty is the prevailing sentiment, the mispricing of different asset classes is the obvious outcome
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