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Product tanker rates will soon face pressure

Rates in the currently lucrative product tanker market will soon come under pressure, says analyst firm Drewry in a new report. This development can be attributed mainly to 'swing' tankers - tonnage carrying both chemicals and product tanker cargo.

The product tanker market is currently a booming success story for a range of companies who are pulling solid earnings from the segment. However the progress is set for a pause, notes Drewry in a new analysis.

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