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Gibsons looks back on a ‘year of extremes’ for tankers

Daily tanker charter rates have ranged from about $11,000 in the first nine months of 2018 to about $50,000 in the fourth quarter for trips from the Middle East to Asia. Tanker scrapping reached a 15-year high but investment in new tonnage was at one of the lowest levels in a decade

A number of factors lead Gibsons to consider whether tanker markets might experience similar extremes in 2019

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