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Product Tankers: Truncated Trades Temper Ton-Miles

June 23, 2014

Much has been said about the product tanker market, mainly about tonnage supply. More industry voices are speaking about their concern of over-ordering and too many ships. However, the number of vessels on order and planned for delievery is really only half of the story. As long as there is enough demand, any number of ships on order may be acceptable. Concern about oversupply only occurs when there are too many ships relative to demand. 

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