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Bulk rates at the same level since the 1970s and a tanker market which has proven far worse in 2016 than expected. Both were central ingredients in a week that was hard to swallow, when ShippingWatch covered the release of half-yearly reports from a range of prominent carriers.
by LENA RUTKOWSKI

Last year's upswing in the international tank market closed in 2016. Now it looks as though shipowners within crude oil and product tankers must wait 12-18 months, before they see another upwards turn.

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