“Markets July 2020.”
Latest Market Update
Europe: “….The summer drums have started rumbling in Europe while the expected travelling activities remain at minimum. The effect of Covid-19 is still seen as a threat and several regions and cities in Europe are taking new steps to avoid lockdowns.
Within Europe, spot shipping continues to be slow with quite a lot of prompt spot space available and fewer enquiries for 2H July with many market players going on holidays. As restrictions to curb the spread of the pandemic began to ease in some parts of Europe, more plants are gradually increasing operating rates. However, many market players expect it will still take some time before any significant impact is observed in shipping requirements.
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