“In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers – VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders for this ship type during all of 2023,” stated Filipe Gouveia, Shipping Analyst at BIMCO.
Since the start of the war in Ukraine, freight rates for crude tankers have spiked and stayed strong during the first two months of 2024. The Baltic Exchange Dirty...
https://container-news.com/crude-tanker-newbuild-contracting-jumps-490-as-vlcc-orders-gain-pace/