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International Tankers and Gas VLCC

Sanctions spark short-term bullishness for VLCCs

Last week’s US sanctions on two Cosco Shipping Energy Transportation subsidiaries triggered the current strength in very large crude carrier rates as vessel supply tightens. However, analysts believe the spike may be short-lived once the vessels are out of trading operations

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Very large crude carriers could benefit from replacement demand, although the recent spike in freight rates may melt away in the longer term

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International Tankers and Gas VLCC
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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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