The shipping market is going through new challenges, especially tankers.

The year 2023 was a year to sit back and think about the challenges of the coming years. Most shipowners, operators and charterers are closely following all the changes that are happening in the world. Wars, the Panama Canal, the Red Sea and the growing demand for oil and oil products among other related activities are driving up freight rates for an indefinite period of time. Freight rates in tanker markets seem to remain stable with an upward trend, due to the growth of oil consumption and the long distances that some vessels must travel to avoid conflict zones. There is no doubt that in 2024 freight rates, especially in the spot market, will be considerably higher than in previous years.

Gona Investments. Corp.

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