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Global oil shippers adrift on troubled seas

Featuring Richard Swann, Simon Thorne, and Ellie Weir

June 19, 2012 13:00:00 EST (13:27 mins)

Though posterity may declare recent years a "boom time" for the oil industry, shipping is one sector where this statement would not apply. In this video Richard Swann and Simon Thorne and Ellie Weir discuss how oil shippers across the globe are coping with falling demand & a huge over-supply of ships; the effects of higher insurance premiums, increased bunker fuel prices and growing piracy; & the impact of changing trading flows in the US & Europe on shippers' incomes and vessel routes.

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