Shipping is global, working closely with multinationals who shuffle materials, investment and transport around the world. It used to be built on long charters (in the 1970s over 80% of tankers were on long charters to oil majors), but this fizzled out in the 1980s. For years shipowners hoped they would return, but they never did, leaving ships exposed to a spot market, where there always seemed to...
Shipping is global, working closely with multinationals who shuffle materials, investment and transport around the world. It used to be built on long charters (in the 1970s over 80% of tankers were on long charters to oil majors), but this fizzled out in the 1980s. For years shipowners hoped they would return, but they never did, leaving ships exposed to a spot market, where there always seemed to...
