Topic
vlcc
Logistics VLCC Orderbook Reaches Record High Amid Fleet Renewal
The VLCC orderbook has reached a record high, with 262 units on order, driven by fleet renewal needs. This surge in orders could impact freight rates and market dynamics, as older vessels are phased out.
Logistics Sincere Navigation Sells VLCC Maxim to Sinokor
Sincere Navigation has sold its 2011-built VLCC Maxim to Sinokor, marking its second VLCC sale this year. This transaction highlights Sinokor's active role in the VLCC market.
Logistics DHT Expands VLCC Fleet with New Hanwha Order
DHT Holdings has placed an order for a new Very Large Crude Carrier (VLCC) with Hanwha Ocean, continuing its fleet renewal strategy. The new vessel will be delivered in August 2028, following the successful delivery of two sister ships earlier this year.
Trade US Navy Disables Sanctions-Evading Tanker Near Kharg Island
The US Navy fired a Hellfire missile at the VLCC Lexie, a tanker heading for Iran's Kharg Island, amid ongoing sanctions evasion. This action has intensified tensions in the Persian Gulf, leading to retaliatory strikes by Iran.