In a note to clients, George Los said the307,300-dwt Maersk Nucleus (built 2007) and Maersk Nautilus (built 2006) are thefirst actively-trading, modern units to enter cold lay-up in the present cycle but fears the development is unlikely to curb the ongoing glut in global fleet capacity.
While VLCCs are currently earning around $8,300 per day on average, the analyst pointed out that triangulated westbound trading yields of approximately $14,600 will likely prevent a widespread trend even though not all ships are suited for this type of trade.
“If
