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Tuesday, December 12, 2017

No. 27 2011

Published

Article

08.07.2011 /Global/admin_pictures/Iweb14%20B.jpg

Oversupply of VLCCs

The tanker market has been in the doldrums more or less since spring 2010 and rates are now well below operating costs for VLCCs.   Tonnage supply.   According to Clarkson Shipyard Monitor, 26 VLCCs were delivered by the end of May this year, and another 62 are due over the rest for the year. If some slippage is assumed, and deliveries continue at the same pace as in the first five months, a...... More