On Monday 2 November – it will be 500 days since the last VLCC left active service when it went on its final journey from Jeddah to Bangladesh for dismantling. Strong crude oil tanker market earnings from August 2019 through July 2020 have evaporated any interest in demolition sales reports Hellenic Shipping.
The Oil Tanker SalesBy end-October 2020, spot freight rates for all oil tankers sit at a loss-making level for owners and operators.
The 500 days is the second-longest streak without any...
https://mfame.guru/vlccs-second-longest-streak-without-demolition-sales/