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Latest From VLCC
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
Jefferies believes the 2020 sulphur cap, low crude inventories, higher Opec production volumes and spiking demand will drive tanker earnings upwards
Sinopec’s trading arm reportedly starts buying US crude again and longhaul VLCC rates recover from early August level
Weakest performer is forecast to be the Middle East Gulf-US Gulf VLCC trade amid rising US crude output
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