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Atlantic Tanker Earnings Fall Faster Than Gulf Earnings

Original · Hellenic Shipping News Worldwide · Shipping · 1h ago
The TD3C/TD22 earnings ratio rose from 2.73 on 30 October to 3.10 on 6 November, as US Gulf–China VLCC earnings fell 16.2% to around $415,000/day, against a 4.8% decline on Middle East Gulf–China to $1.29 million/day. All 16 dirty tanker benchmarks fell over the week, with the steepest declines in the Atlantic and Mediterranean. Several ...
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