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OPEC Cutback Deal May Be a Windfall for Struggling Global Shippers: Brokers

Oil
 

U.S. ship brokerage Charles R. Weber on Thursday speculated that the strong compliance for the Organization for the Petroleum Exporting Countries (OPEC) production cuts is boosting prospects for business for struggling shippers such as Frontline Ltd., Euronav, and Gener8 Maritime, which are still recovering from five years of weak rates and falling profits. 

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