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VLCC market enters ‘stop the press’ territory
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VLCC market enters ‘stop the press’ territory
The VLCC market has gone into overdrive, with rates surging simultaneously east and west of Suez as Chinese crude buying, tightening tonnage lists and the Hormuz crisis combine to produce one of the most extraordinary tanker markets in years. “We’re in ‘stop the press’ territory now with VLCC rates galloping in all areas in tandem …
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