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Shipbroker predicts major returns in tanker – one carrier stands out

Major dividend payouts could be headed for stakeholders in Oslo-listed tanker shipping companies, projects broker Cleaves Securities. One shipping line stands to pay dividends to its shareholders in excess of half a billion US dollars next year.

Photo: Frontline

By all accounts, there are major returns on the way to stakeholders in tanker shipping lines transporting crude oil.

This past month, rates have increased immensely as a consequence of the US' sanctions against a number of Chinese vessels owned by the Cosco group and, most recently, the attack on an Iranian tanker off the coast of Saudi Arabia.

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