Fearnley predicts more golden days for VLCC

Just as Maersk Tankers has pulled out of the VLCC market by selling its 15 ships, Fearnley predicts better days ahead for the segment.

The market for the super large crude oil tankers looks set to improve in the years to come, says Norwegian Fearnley in an analysis that comes at the heels of Maersk Tankers's sale of its 15 VLCC's to Belgian Euronav.

"We believe the crude tanker space is set for a gradual recovery in the years to come, and believe Euronav will attract strong investor interest following the acquisition (of the ships)," says Fearnley.

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