China issued the first batch of crude import and product export quotas to refiners this year at around 10% and 55% lower than last year’s respectively, signaling its commitment towards further consolidating the refining sector.
In this special webinar, Vortexa’s Market Analysis team came together to analyse where the global markets stand in the road to recovery and what challenges, opportunities and risks are waiting around the corner in 2022.
In last year’s freight forecast Vortexa described 2020 as one of the most volatile years on record. 2021 saw a more tepid year, with freight rates overall languishing at their lowest levels in years. Vortexa forecasts what 2022 has in store for freight markets.