In its Shipyard Monitor publication, the London-based broker points out that all but 0.6 milllion dwt — representing just two VLCCs — of the 27.5 million dwt on order will be delivered this year and in 2018.

Noting a strong delivery month in January, Clarksons said: “The VLCC orderbook is now at its lowest level since February 2016 in both numerical and tonnage terms, with 89 VLCCs of a combined 27.5