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No. of Recommendations: 1
Not too many publicly-traded peers left in the VLCC market with Genmar, OSG (both in BK) and
TNP's exit. Euronav has the same type of vessels- VLCCs & Suezmaxes, so does become the
most reasonable competitor for comparison.

Yuck! on both spot rates
$12,800/day for VLCCs
$8,500/day for Suezmax

Rates considerably better in the Q1 period
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