VLCC earnings have retreated from their multi-month high levels due to relets of oil firms and slowing charter activity.

If we’re not using oil, what happens to all those tankers?
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Product tankers and VLCC newbuildings fixed for potential gas oil storage play
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Okeanis says tanker supply picture may be 'most bullish' in history
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The Baltic Exchange estimated spot earnings on the benchmark Middle East Gulf (MEG)-China route at $22,001 per day on Wednesday, compared with $24,511 per day on Monday, then a two-month high.