Currently freight rates are below their record highs of 2004, but when compared to historical averages, freight continues to remain strong.
Bharat Sheth
historical strong
There is strong commodity demand still emerging from Asia, which is expected to grow further as most of the demand is emanating from developing economies.
strong grow asia demand
Energy security is top of the agenda for oil-importing nations, efforts are made to diversify the source of oil supplies and build strategic petroleum reserves.
nations security energy made source oil strategic
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