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Tanker owners ‘face the music’ as scrubber-fitted eco VLCCs fetch low period rates

Period market remains active despite weak charter rates for young VLCCs amid bearish market outlook

17 February 2021 11:45 GMT Updated 17 February 2021 13:10 GMT

By Trond Lillestolen

and Max Tingyao Lin

in Oslo and London

Eco VLCCs fitted with scrubbers have reportedly been fixed at low term rates as the market remains bearish amid persistent tonnage oversupply.

Tankers

Tanker owners ‘face the music’ as scrubber-fitted eco VLCCs fetch low period rates