Crude tanker newbuild contracting jumps 490%

In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m dwt, a 490% leap year-on-year, due to a rise in orders for VLCCs, according to data from shipping organisation BIMCO. A notable 19 VLCCs were ordered in the first two months of the year, already surpassing the number of orders …

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