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Shipping stocks like GE Shipping and Shipping Corporation have risen to almost 9 percent in last three sessions. Crude tanker rates have increased fearing higher geopolitical tensions while the demand for tankers increases amid stronger appetite for fuels. The impact remains positive for the shipping companies. Oil tanker rates from US to Europe have hit two-year highs and these tanker freights have risen 82% From May 2022 Lows (West Africa Freight). Crude tanker demand expected to rise by 6.8 percent in 2022. Sanctions against Russian oil supplies due to come into force later this year are likely to tighten the supply and analysts expect more increase in oil tanker rates. #StockMarket #ETNow #ShippingStock