VLCC newbuilding orders to be secured by DSME will set new industry benchmarks amid speculation that the price of the tankers will soon move back above $100m.

Shipbuilding players say the South Korean yard is poised to seal orders for two vessels from Capital Maritime of Greece at around $99m apiece. “This is above the market level of the mid-$90m per ship that broking reports have published,” said one expert.

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