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Freight & Tankers

Gulf tanker rates top $1.4 million a day as transfer delays squeeze fleet

Ship-to-ship transfers outside Hormuz are absorbing supertankers, pushing up freight costs on other crude routes and increasing demand for smaller vessels.

Newsdesk10 October 20262 min readAggregated

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Gulf tanker rates top $1.4 million a day as transfer delays squeeze fleet

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Barrels, freight and policy, before the open