Lloyd’s List: Tankers to Take Softer Blow

“Lloyd’s List reported that “[t]anker rates across many sectors have fallen sharply, and remain below breakeven in many segments, especially for clean products.”  Poten & Partners “highlighted the $250bn international trade finance package agreed at the G-20 meeting in London last week as directly impacting the tanker market . . . . The G-20 have made clear their intention to coddle world trade through this recession but in the end actions will speak louder than words – especially when it comes to the allocation of the $250bn budgeted for supporting trade financing,” writes Poten & Partners.”