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المشهد العربي
Source: المشهد العربي
3 Hrsالمشهد العربي
Source: المشهد العربي
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A shortage of very large crude carriers (VLCCs) is limiting the United States’ ability to export crude. No VLCC entered the U.S. Gulf last week—the first time that has happened in four years. Kent Britton, CEO of the Port of Corpus Christi, said turmoil in the tanker market following clashes between the United States and Iran and the detention of vessels near the Strait of Hormuz had prompted shipping companies to use smaller ships and divert more cargoes to Europe. The port also relies on smaller tankers because they cost less to charter than VLCCs.
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