//Demolition of Very Large Crude Carriers ( VLCC) has surged

Demolition of Very Large Crude Carriers ( VLCC) has surged

Demolition of Very Large Crude Carriers has surged due to low earnings, reduced cargo activity and oversupply owing to the ongoing OPEC/non-OPEC oil production cuts. In 2018, at least 18 VLCCs were scrapped compared to 2016 when 2 VLCCS were scraped.  Read More

By | 2018-04-06T15:26:52+00:00 April 6th, 2018|Global Trade|Comments Off on Demolition of Very Large Crude Carriers ( VLCC) has surged

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