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Tankers worldwide poised for challenging quarter as COVID-19 lingers on
Clean and dirty tankers across the globe are likely to be under downward pressure in the April-June quarter due to slower oil trade flow, weak refining margins and lingering supply cuts, but the resale value of these ships will be firm as more among them exchange hands, an analysis by S&P Global Platts showed.
From Genoa and Copenhagen to Singapore and from Oslo to Mumbai, analysts and market participants told Platts that there could be an occasional rally in the near term freight only to be quickly followed by a correction.