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McQuilling: This is the tanker market for the next five years

Crude oil tanker rates will likely remain steady throughout 2015, says McQuilling in a new report on the tanker market ahead of 2019. The analysts point to more fragile rates for product tanker.

Photo: BW Group

Good news for tanker owners whose ships transport crude oil, while things look different for other segments. But let us begin with the positive aspects in US-based McQuilling's new analysis of prospects for the tanker market in the period 2015 - 2019.

Things are in fact looking good for the tanker market at the beginning of 2015, according to the broker and analyst agency. The many ships that have put pressure on the tanker rate level seem to be approaching a healthier level, especially for the big crude oil tankers.

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