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Winter is Coming
In the crude tanker market, we have witnessed a return of spectacular volatility, with spot earnings on several key Suezmax and Aframax trades in the Atlantic Basin briefly spiking close or in some cases even above $100,000/day on a non-scrubber, non eco basis recently. VLCCs, the tanker segment most vulnerable to the Middle East OPEC+ production cuts, have also seen a sizable uplift in earnings, albeit perhaps not as impressive as the one experienced by smaller segments.
See Full Report Here
See Full Report Here
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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