Shipowners are reportedly selling old VLCCs at strong prices despite freight earnings remaining in the doldrums amid tonnage oversupply. Their good fortune is due to firming demolition rates and
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Vintage VLCCs fetch strong prices in demolition and secondhand markets
Owners take advantage of firm steel prices and optimism towards assets
30 March 2021 9:56 GMT
Updated
30 March 2021 12:50 GMT
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