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International Tankers and Gas Sanctions

Tanker rates soar as two-tier market evolves over sanctions exposure fears

In the short term, US sanctions on Cosco created a scramble among charterers to replace vessels, says Poten, while over the longer term, the expanding American sanctions regime against Iran, Syria, Russia, Venezuela, Cuba and North Korea could create a market with ‘safe owners’ and owners that dodge the sanctions

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Suezmax rates are averaging the highest in more than four years, while  very large crude carriers are attracting record sums on the US Gulf-Asia route

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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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