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Tanker rates run continues as earnings climb 10%

Rates from the Middle East Gulf to Singapore surged 10% on Monday to exceed $100,000 per day for the first time in nearly four years, while suezmax earnings from West Africa to China neared $100,000 per day, a 6% rise

Average time charter equivalent earnings for the fleet of some 779 very large crude carriers have tripled since the September 25 US sanctions on two subsidiaries of the Chinese shipping giant Cosco

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