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Oil supertankers losing millions are a bullish vaccine trade
March 19, 2021
Source: Energyworld

Oil supertankers losing millions are a bullish vaccine trade

The market for moving oil across the world’s oceans is currently so bad that owners of the industry’s biggest supertankers are actually subsidizing the delivery of cargoes.We are probably never going to experience a demand increase similar to what we are likely to see over the next nine months for tankers,” said Eirik Haavaldsen, a shipping analyst at Pareto Securities AS in Oslo

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