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Egypt linked to record daily VLCC rate

Dire warnings of depleting oil demand and land storage capacity may abound, but charter rates for very large crude carriers are not falling. Middle East Gulf–Asia voyages average almost $230,000 per day and now, Egypt’s national oil firm may pay more than $300,000 for a Trafigura-operated tanker

The Trafigura-operated tanker is set to take an oil shipment next week under what could be a record-breaking charter fixture for a VLCC

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