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Unemployed supertankers are about to get junked on Asia's beaches

The coronavirus pandemic is paralyzing the market for VLCC supertankers, and the result is likely to be a surge in scrapping of the large vessels on the beaches in Southeast Asia.

Photo: PR / DHT Holdings

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One third of Lim family ships have new owners

Around one third of the ships controlled by Hin Leong founder O.K. Lim and his family have new owners, Reuters reports. The rest of the ships are expected to be sold by the end of the year.

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