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Tankers and Gas Middle East and Africa Singapore

Owners idle VLCCs as they hold out for higher rates

  • Analysis

OWNERS of very large crude carriers have started mooring tankers in Singapore and the Middle East after refusing to trade at rates that are $6,000 below daily operating costs, writes Martyn Wingrove.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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