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Sovcomflot struggles in ‘extremely challenging’ tanker market

Imbalance between tonnage supply and demand in the crude oil and petroleum products shipping segments has continued to drive down freight rates

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Freight rates reached records lows in some sectors, having fallen by almost 50 per cent year on year

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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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