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30 September 2020 The on-line newspaper devoted to the world of transports 09:12 GMT+2



May 21, 2001

Tanker Rates Collapse At Week End

Tanker rates collapsed towards the end of last week as owners rushed to fix cargoes and move their Very-Large-Crude-Carriers (VLCCs) away from the Mideast Gulf where idle capacity was rapidly mounting. Brokers said they remained optimistic that rates would soon recover. "Last week proved to be another disappointing week for owners," said Oslo broker ......
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