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Posted by
Two Blokes Jul 7 -
Filed in
Stock
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The company has a fleet of 93 vessels divided into three segments. The fleet is comprised of 20 LR2 vessels, 12 LR1 vessels, and 61 MR vessels. In the short term, tariffs fell as a result of the Red Sea crisis. However, supply and demand pressures suggest this trend will reverse. The construction of new vessels will largely have to offset the scrapping of a portion of the international fleet, which is already quite advanced in age.
