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Ship operations Middle East and Africa DVB

VLCC rates slump as single hulls flood market

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RATES for very large crude carriers coming out of the Middle East Gulf could continue to decline as demand for July cargoes fails to make headway against an oversupply of single-hulled vessels, writes Jamie Dale.

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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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