Jump in VLCC sales

A surge in VLCC sales over the past two weeks highlights the resilience of asset prices in the large crude carrier market.  The most recent transaction features Bahri, Saudi Arabia’s state-owned shipping line, offloading its second 17-year-old VLCC in months. Sales registers indicate that the Hyundai Samho-built Layla is changing hands for $46.6m. This follows …

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