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What if it had been a VLCC aground in the canal?

Suezmaxes have enjoyed the Ever Given’s misfortune

It would be easier to understand if it had been a very large crude carrier that was stuck in the Suez Canal. After all, the oil tankers stood to gain the most of all sectors from the blockage. Suezmax crude oil tankers are in the majority when counting the tankers that currently sat at the Suez anchorage waiting for a northbound transit when the Ever Given was freed on Tuesday.

This fact instantly lifted freight rates for suezmax crude oil tankers in and around the Mediterranean last week. S...

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