The price of a VLCC newbuilding has broken through the $100m barrier for the first time in years.
Hyundai Heavy Industries (HHI) set the new industry benchmark after concluding a two-ship order with Navig8 Crude Tankers, say shipbuilding players.
The 320,000-dwt newbuildings — which are slated for delivery by the end of 2016 — are costing between $102m and $105m each, they say.
The
