Story thread · 2 reports / 1 sources

How long can the million-dollar VLCC market last?

splash247.com · 1dShare

The VLCC market has reached levels that would have sounded absurd only months ago. Middle East-China earnings have pushed beyond $1m a day, Atlantic routes have surged into the hundreds of thousands and secondhand values have exploded to the point where rust-stained 15-year-old VLCCs are changing hands for more than newbuilds. The argument now dividing …

First report: Pantheon sells 15-year-old VLCC above newbuild benchmark — splash247.com, 3d