THE crude tanker fleet is expected to grow by 0.5 percent in 2024 and 1.2 percent in 2025, driven mainly by Aframax and Suezmax segments, the Baltic and International Maritime Council (Bimco) forecasts.

Bimco, the world's largest shipping association, released a report titled "Tanker Shipping Market Overview & Outlook," which estimates that the crude tanker fleet will grow by 0.5 percent in 2024 and 1.2 percent in 2025.

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