VLCC
3 stories tagged VLCC.
Aged Tonnage Sees Significant Value Increases Amidst Market Shift
Older vessels across various segments are experiencing substantial valuation appreciation, with five-year-old tonnage trading above newbuilding prices and a pronounced upward trend observed across the entire age curve.
Venezuelan Oil Production Agreement Signals Potential Shift in Tanker Trade Routes
A recent agreement regarding Venezuelan oil reserves could lead to increased crude oil exports from the Western Hemisphere to Asia, potentially reshaping global tanker demand.
Tanker Incident Reported in Strait of Hormuz
A tanker transiting the Strait of Hormuz has sustained damage following an impact. The incident occurred amidst heightened regional maritime activity.