at CNBC.com (Jan 15, 2015)
Owners of supertankers, losing money for a sixth consecutive quarter, likely will idle the most...
Owners of supertankers, losing money for a sixth consecutive quarter, likely will idle the most ships since the 1980s as they contend with a glut that's driven charter rates to the lowest in at least 14 years. And it may not be enough to end the slump: Forward freight agreements anticipate rates no higher than $13,819/day through 2013, far below breakeven.
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