When readers of Clarksons Research’s Shipping Intelligence Weekly made annual rate predictions for 2020 last November, no one foresaw the global turmoil caused by the imminent Covid-19 pandemic.
But were their forecasts really so wide of the mark?
Clarksons Research analyst Sarah Holden said that last year the predictions were made against a background of potential higher fuel costs due to IMO 2020, with the prospect of slower steaming providing possible additional upside to generally steady fundamentals.
