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The Freight Paradox: Tanker Owners Are Ordering the Highest Newbuild Count Since 1973 at the Top of an All-Time Rate Cycle
VLCC daily earnings hit $128,000 last week, war-risk insurance through Hormuz has surged to 10 percent of hull value, and Clarksons's H1 tanker earnings averaged the strongest ever recorded. Owners have responded by ordering 150-plus VLCCs, the highest annual tally since 1973. This is a late-cy