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China export quota vacuum not a threat for tankers

The recent moves by Beijing to cut export quotas may have an effect on tanker trades, but all is not gloom for the segment

The bearish factor for the tanker market is China’s policy decision to reduce the output of independent refiners, such as the imposition of taxes on key products used by the teapots for blending or as a feedstocks including light cycle oil, mixed aromatics and bitumen mixture

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