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The future of the tanker market

Fleet growth for crude oil tankers in general and for very large crude carriers (VLCCs) specifically, has finally come more in sync with the market balance.

THE tanker market has gone through radical changes in the past year as the dramatic changes in the price of oil have had corresponding ramifications on market dynamics.

Factors such as tonnage being taken off the market for oil storage started to come into play for the dirty tanker market