Newbuilding investment in the VLCC sector this year could be much higher than reported, according to analysts who predict the bull run for orders has some way to go.

Market analysis suggests a significant amount of VLCC tonnage may have been ordered or agreed than has previously come to light.

Last week, TradeWinds reported Cido Shipping’s decision to switch a car carrier order to VLCCs, and similar private deals may have been done that the market is yet unaware of.