Chinese DemandLower import demand from China is expected to start the 4Q24, leading to reduced forecasts.
Financial PerformancePSHG’s 4Q24 time charter equivalent (TCE) rate was $32,652, down 1.4% y/y, and down 4.8% q/q, below analyst's $35,199 forecast.
Tanker RatesTanker rates are down y/y on lower China demand & less disruption to trade routes.