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Global Tanker Industry Challenges

By: Sam Stires / Posted on: July 22, 2019

Back in December of 2016, the United States lifted its crude oil export restrictions. This new source of seaborne cargo, changed the global tanker industry. This adjustment intensified operators focus on U.S. crude ever since. With the recent renewed sanctions targeting Iran and rising geopolitical tensions near the Strait of Hormuz. However, with the rising U.S. tanker markets, is this a positive change or is there a downside?

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