Profits up sharply for tanker owners

Dec. 6, 2004
Charter rates for oil tankers have hit historic highs around the globe, with Asian and European shippers reporting surges of income largely due to increased purchases of crude on the world's spot market.

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Charter rates for oil tankers have hit historic highs around the globe, with Asian and European shippers reporting surges of income largely due to increased purchases of crude on the world's spot market.