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VLCC freight rates at mid-Sept low as virus hits Chinese oil demand

FILE PHOTO: Hin Leong's Pu Tuo San VLCC supertanker off Jurong Island in Singapore
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LONDON (Reuters) - Freight rates for very large crude carriers (VLCC) on the key Mideast Gulf and U.S. Gulf to Asia routes have fallen to their lowest since mid-September as the coronavirus outbreak hit Chinese demand, according to ship brokers."The market has gone back to what it was before the COSCO sanctions came in," a ship broker said referring to U.S. sanctions on subsidiaries on the..
Date Published: Feb 03, 2020
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