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The momentum of high earnings will continue in 2025 for crude tanker owners

Crude tanker owners will continue to enjoy attractive earnings in 2025 amid economic and geopolitical uncertainties, as slow fleet growth and increased long-haul trade will keep tonnage utilisation high. While VLCC rates will benefit from a surge in long-haul trade and a stagnant fleet, the mid-size tanker market will soften because of an influx of …