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Frontline excludes tanker newbuild orders

Soaring rates may be making tanker companies very profitable at the moment, but the oil demand decline means this run can only last for so long. Tanker owners, however, hope at least the supply side fundamentals are on their side and the global orderbook will not be growing any time soon

More than half of the global crude oil tanker orderbook is set for delivery this year and leading tanker executives do not expect it to grow

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