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MISC sees better year ahead as first-quarter net profit rises

Short-term oil tanker earnings are expected to trend downwards as continuing tonnage oversupply, seasonal factors and oil supply cuts weigh on income. However, brighter prospects are seen for the second half of the year although trade and political issues are still a concern

Growth in tonne-miles, driven by higher exports from the Atlantic region to Asia, suggests a more robust outlook in charter rates

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