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Home Icon > About Us > News > Floating Tanker Flotilla to Remain in Play as Conditions Favor More Crude Storage

Floating Tanker Flotilla to Remain in Play as Conditions Favor More Crude Storage

About 70 laden VLCCs remain stationary for at least 4 weeks, prove that the contango “play” in the crude tanker market is very much at play. In its latest weekly report, shipbroker Gibson said that “in recent weeks reports about floating storage have featured in the international press. In the 2nd half of April Reuters ...

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