CLAVE 1 / 413.5 years, average age of the global tanker fleet, up from 10.3-year historical norm.
CLAVE 2 / 419% of VLCCs are now over 20 years old, most sailing in the shadow fleet.
CLAVE 3 / 4Bruton investors pocket fivefold returns after merger with International Seaways.
CLAVE 4 / 4Panellists at the Yacht Club de Monaco see Chinese demand and Middle-East flows as key tailwinds.
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