Five-year old VLCCs cost more than a newbuilding

route change active 92% Shipping

The demand for very large crude carriers (VLCCs) is driving prices higher, with premiums reaching up to 35% for resale vessels compared to new builds. This trend highlights the shift in the shipping market as buyers scramble for immediate tonnage availability.

🇬🇧 Location: GB — Sources: 12 — First seen: — Last seen:
shipping VLCC tonnage premium market trends

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