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VLCC Rates Continue to Sink On Tonnage Oversupply

oil tankerBy Keith Wallis Sept 1 (Reuters) – Freight rates for very large crude carriers (VLCCs) on Asian routes continue to sink on a glut of available tonnage as owners wait for supply disruptions caused by Hurricane Harvey to help support the market, brokers said. Charter rates for VLCCs from the Middle East have fallen to around […]

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VLCC Rates Continue to Sink On Tonnage Oversupply

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