Oil Tanker Sector Set For A Fruitful 2016Rupert Hargreaves
As the Financial Times points out today, 2015 has been a tale of two shipping sectors. On one hand, dry bulk shippers are reeling as rates for the transportation of bulk commodities, such as grain and iron ore, languish at record lows. But on the other hand, oil tanker rates are at eight-year highs and the industry is booming.
Day rates for the largest tankers, VLCC's . . .
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