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Latest From VLCC
Alphatanker sees the foundations being laid for a strong year in 2020 that it thinks will be similar to 2015
Traders warn conditions promoting clean trades have ended as falling demand and reduced production affecting key seaborne routes
Oversupply remains a significant headwind to tanker rates
US-India longhaul trade would add to tanker demand significantly
There are around 18 newbuilds to be delivered in the first quarter of 2019, with 10 in January alone
The potential downside from the Opec production cuts may also be felt in other segments as well, Gibson Shipbrokers warns
Geopolitical wildcards seen testing crude tanker market recovery
The new company will control 68 crude and product tankers and will be led by Diamond S’s management team
Revenues fell across the board, with MOL slipping by 24%, NYK down 14% and K Line sliding 28%
Developments in new refining capacity are likely to be the main driving force behind the growth in crude import demand
VLCCs sustain uptrend on higher vessel demand across regions, supported by high activity in advance of China’s Golden Week holidays
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