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Home MarketsChartering Floating storage: High reward and high risk?

Floating storage: High reward and high risk?

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Existing and new floating storage charter issues discussed.

Disputes between oil producing nations on output capacity, coupled with a steep decline in consumer demand for oil as a result of the Covid-19 pandemic, have led to serious oil shortages on-shore and plummeting (even negative) oil prices. There is far too much oil and not enough places to store it.

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