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Lolos: welcome to the board......i hope you contribute regularly because to get the perspective from the transportation side is really usefull.
I also tend to agree with your view........I drive every day to work, passing Jebel Ali + Dubai ports, where the number of ULCC's + VLCC's are piling up ....
freight rates in/out of Persian Gulf are very low indeed and no signs of improving quickly....their is too much tonnage looking for cargo.
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