Tue, 10 Aug 2021 21:00:58 +0000
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current market for seaborne transportation of crude oil is weak and has caused freight rates to drop to multi-year lows. Despite this, crude oil tanker shipowners are not seizing the opportunity to reduce …
The post Only 3 VLCCs sold for demolition in 2021 as secondhand prices tempt first appeared on Hellenic Shipping News Worldwide.
Full article: https://www.hellenicshippingnews.com/only-3-vlccs-sold-for-demolition-in-2021-as-secondhand-prices-tempt/