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Bimco: Slow steaming will keep tanker rates healthy

Low fleet growth and the continued use of slow steaming could keep the tanker market together, and in its latest analysis Bimco describes the situation as generally positive.

After soaring high during the first half of the winter season, freight rates for the major tanker segments are now once again headed toward a more common level. While owners of VLCC's, Aframax, and Suezmax have reaped solid rewards from transporting crude oil for some time now, the world is now back to looking at the product tank market, asking whether this will be the next segment in which to make the big money?

And things are looking good, judging by Bimco's latest outlook for the tanker market.

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