Replacing Iran's lost oil supply a boon for supertanker fleet.
Higher OPEC oil production and longer voyages are propelling shipowners back to good times. Just a month ago, hiring a supertanker for the benchmark Middle East Gulf-to-China route cost about $18,000 a day. That almost tripled to more than $51,000 a day this week, the highest level since at least early 2017. The surge has come as the ships that can haul 2 million...
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