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Tanker market finds itself in "completely abnormal times"

The VLCC rates continue to soar, and the question everyone is asking themselves is for how long this development will continue. The rates are now rubbing off on product tanker, where LR2 ships have started to sail with crude oil, analysts say.

Scorpio Tankers topchef Robert Bugbee beskriver dagens tankmarked som en "helt aborm tid". Photo: Chris Prevolos/Marine Money

NEW YORK

For how long can the sky-high tanker rates keep it up?

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