Crude oil tanker market grappling with ageing fleet, says Trafigura

The crude oil tanker market is grappling with an ageing fleet of vessels which need to be replaced, posing a challenge as shipyards are focused on building other types of ships, a top executive with commodity trader Trafigura said on Tuesday. The crude tanker market, including VLCC supertankers, has remained strong in recent months partly …

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