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Trafigura expects to become more active in tanker spot market

Given the likely weakness in the tanker markets, Trafigura is expecting to be more active in spot trades. In the 12 months to end-September, the commodities giant had higher tanker fixtures than the year before

Trafigura believes that tanker market fundamentals ‘are not encouraging’ over the next six to 12 months due to demand destruction and continued production cuts, combined with more tankers coming out of floating storage

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