Bearish economic news has recently dominated headlines, increasing fears of a global recession. According to S&P Global, Eurozone manufacturing activity contracted in July, with the Purchasing Managers’ Index (PMI), the leading indicator of manufacturing activity, slipping below 50, a point that marks the divide between expansion and contraction.
The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
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