Owners circulating shadow fleet VLCCs for demolition as sanctions put Chinese imports under pressure

Is the bubble bursting for older tankers as Braemar tips more scrapping ahead?

A ship recycling yard worker at Alang.
A ship recycling yard worker at Alang.Photo: Nayeem Noor/GMS
Published 6 December 2024, 14:45Updated 9 December 2024, 14:59
VLCCsShip recyclingShadow fleetBraemarSanctions