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Wanted: Oil tankers at any cost as tensions in the Gulf trigger a global scramble

The closure of the Strait of Hormuz and soaring freight rates have intensified competition among countries and shipowners to secure their own tanker fleets. A second-hand vessel can now cost up to 40% more than a newly built one

Wanted: Oil tankers at any cost as tensions in the Gulf trigger a global scramble

We haven't written up this one. El Pais English has the full story — the link below goes straight to it.

Read the original at english.elpais.com →

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