The VLCC shipping market is currently in a downturn but the price of newbuildings of VLCC has been rising all the way and even exceeds 100 million U.S. dollars.
The shipping brokerage company SSY introduced in the latest market report that the VLCC shipping market is currently in a downturn. The freight rates seem to have fallen to the bottom line. Many routes have negative earnings, leading ship owners to take action to resist further declines in freight rates. However, in such a sluggish market, the price of newbuildings of VLCC has been rising all the way.
2023-04-18 1447 Views Sea Freight
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