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Clarksons Securities AS, a unit of the world’s biggest shipbroker, said the largest supertankers could see their earnings temporarily slump by about a third from the resulting decline in cargoes.
Source: https://gcaptain.com/surprise-opec-output-cuts-pummel-tanker-stocks/
The longer voyages, heavy discounts and record-high freight rates ate into profits but the use of supertankers on the Asian routes may now cut shipping costs.
Source: https://gcaptain.com/russia-using-chinese-supertankers-to-ship-oil-to-asia/