Precious Shipping Sees Stronger Freight Rates For Longer
AI Summary
Precious Shipping's Managing Director, Khalid Hashim, states that limited new vessel supply alongside the continued operation of older ships is contributing to a strong and sustained freight rate environment. This resilience in the shipping capacity is expected to maintain higher freight rates over time.
Precious Shipping MD Khalid Hashim says limited new vessel supply, combined with the resilience of older tonnage, is setting the stage for sustained strength in freight rates. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)