suezmax in A Sentence

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    The commercial life of a Suezmax could be 20 years or more.

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    From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month!”.

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    DSS Holdings is a privately held company and one of the world's largest owners and operators of medium-range product and Suezmax crude tankers.

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    Nordic American Tankers is a shipping company focused on Suezmax crude tankers, each of which can carry up to 1 million barrels of oil.

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    Dr Lam's wife, Dr Jeanette Chen, became godmother to the first vessel to be named, the Mt Marlin Singapore, a 150k dwt Suezmax vessel.

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    For Suezmax tankers, liftings from West Africa into northern European ports were worth more than $35,000/day(and moves into the U.S. Gulf worth more than $40,000/day).

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    Similarly, the Suezmax tanker Salina also loaded oil at Assaluyeh and has been circling in the same area off Dubai since August 17, according to the data.

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    Similarly, the Suezmax tanker Salina also loaded oil at Assaluyeh and has been circling in the same area off Dubai since Aug. 17, according to the data.

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    9

    Rate indexes for Suezmax tankers are now in excess of $20,000 per day on a TC basis, which is a good indication of the level of the market.

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    The tankers, which will be registered in Singapore, are being built in South Korea and China and will include medium-range tankers, long-range two vessels and Suezmax tankers, the company said.

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    It is important to note that both the VLCC and Suezmax tanker order book as a percentage of the total fleet are at the lowest levels seen in over 20 years.

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    In 2014, Principal Maritime looked to float the Suezmax tanker investment through an Initial Public Offering, however Apollo withdrew from the process as public market valuation at that moment did not meet Apollo's price expectations.

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    Together with the sale Euronav is taking in operation four new Suezmax vessels, of which two have already been delivered, with the remaining two due for delivery from the Hyundai yard in South Korea(HHI) during summer 2018.

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    14

    Ma Yingbin, Deputy Technical Director of DSIC commented,"We have built experience on reduced ballast water oil tanker design such as VLCC, Suezmax and Aframax type vessels in the past and this experience will benefit to this ballast free medium size LNGC development.

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