Older VLCCs lead price recovery
Prices for older secondhand vessels in the VLCC market are rising faster than for younger ones, while newbuildings are unlikely to see any increase in the near future, according to shipping analysts at DNB Markets in Oslo.
The price of a five-year-old VLCC had risen to USD84 million, while a
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The price of a five-year-old VLCC had risen to USD84 million, while a