Tag: VLCC
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The Ripple Effect: U.S. Sanctions on Iranian Oil Network Shake Global Markets
U.S. Treasury Sanctions on Iranian Oil Network: Global Implications U.S. Treasury Sanctions on Iranian Oil Network: Global Implications The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on an international network facilitating the shipment of Iranian crude oil worth hundreds of millions of dollars to China. These sanctions, aligned…
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“Navigating Profits: Tanker Owners Thrive in a Seller’s Market Amid Geopolitical Shifts and VLCC Demand”
Tanker Owners Cash In on a Seller’s Market The article delves into the current market conditions for tanker sales, highlighting a seller’s market where tanker owners are benefiting from strong demand and favorable charter rates. This comprehensive analysis covers various aspects of the tanker market, including the impact of sanctions on Russian oil, the role…