WORLD TANKER INDUSTRY MAINTAINS MOMENTUM FROM PERSIAN GULF WAR

Roger Vielvoye International Editor The world tanker industry has managed to maintain the momentum generated during the Persian Gulf war. Freight rates for large vessels have regained the high levels seen during the first 2 months of this year, while the expected postwar decline in use of tankers has not materialized. The health of the tanker industry is linked closely with the volume of long haul crude oil from the Middle East, which in turn depends on the fortunes of Middle East crude

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