Few new VLCCs on order with remarkably few being scrapped
While high prices on new ships have put a stop to newbuilds of VLCC tankers, illegal freight of sanctioned oil is, however, a reason for why only few VLCCs are sent for scrapping, according to VesselsValue.
by JENS THOMSEN
Commissions of new very large crude carriers (VLCCs) have almost come to a complete halt this year, and at the same time, carriers are sending remarkably few vessels for shipbreaking, according to VesselsValue.
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