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23 September 2020 The on-line newspaper devoted to the world of transports 02:15 GMT+2

November 18, 1998

Tanker market forecast to have surplus of 21m dwt

Increase in capacity of tanker fleet likely to put more pressure on freight rates next year: report

By Felix Chan


The global tanker fleet saw the largest quarterly net increase in the third quarter, its largest in over six years, and the trend is likely to push freight rates south, shipbrokers Simpson Spence & Young (SSY) said in a recent ......
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