John Wobensmith, CEO of Genco Shipping (GNK), looks back at the outlook for the logistics transport industry, which is facing great volatility. With demand for vessels outstripping supply, and the Panama Canal reducing capacity, freight rates have once again risen significantly. He also believes that environmental regulations scheduled for 2023 will slow down the world fleet, which could lead to permanent freight rate inflation. He also cites Chinese activity, demand for coal and iron ore, monetary policies and the Indian economy.  
 
(MT Newswires)

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