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World's largest VLCC owner warns of crude shipping risks

Crude carrier owners should not be overly optimistic about the fourth quarter. The new Chinese tariff will curb oil exports from US and rosy sentiment is putting the brake on scrapping

Chinese owner of 51 VLCCs, among a diversified fleet of nearly 200 ships, recorded a 317.6% surge in recurring net profits to $62m in the first half

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