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Cosco VLCCs attract charterer interest after sanctions lifted

The reactivated VLCC fleet under Cosco Shipping Tanker (Dalian), which had been blacklisted by the US until last Friday, has a total of 22 units as of February 7. Freeing the tonnage comes as tanker earnings have been experiencing a freefall led by the VLCC sector during the past weeks

CNOOC provisionally agreed a rate of Worldscale 45 to load 260,000 tonnes of crude on Cosrising Lake from West Africa to China

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