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Tank/Bulk Carriers See Gains and Losses

Jul 24, 2018 at 10:27 AM CST

Carriers in the tank/bulk sector posted modest gains in revenue as firms dealt with positive and negative market trends. Higher prices slowed demand for fuel shipments, while increases in oil and gas drilling and production of petrochemicals boosted demand for tankers.

A group of 23 carriers in the tank/bulk sector generated revenue of $4.8 billion in 2017, a gain of 3.3% from $4.7 billion in 2016.

Kenan Advantage Group remains comfortably No. 1 on the list but reported basically flat revenue for the year.