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Number of VLCCs idling off Singapore leaps

VLCC owners are slow steaming on ballast legs and idling tankers at key hubs, principally Singapore, as they try to tide over the dire rates environment, the worst seen since the 1980s. However, the tanker industry has yet to start laying up vessels. “The VLCC market remains very weak, with returns deteriorating as bunker prices …

WP_Post Object ( [ID] => 242951 [post_author] => 76 [post_date] => 2021-03-16 08:20:00 [post_date_gmt] => 2021-03-16 08:20:00 [post_content] =>

VLCC owners are slow steaming on ballast legs and idling tankers at key hubs, principally Singapore, as they try to tide over the dire rates environment, the worst seen since the 1980s. However, the tanker industry has yet to start laying up vessels. “The VLCC market remains very weak, with returns deteriorating as bunker prices …

[post_title] => Number of VLCCs idling off Singapore leaps [post_excerpt] => VLCC owners are slow steaming on ballast legs and idling tankers at key hubs, principally Singapore, as they try to tide over the dire rates environment, the worst seen since the 1980s. However, the tanker industry has yet to start laying up vessels. “... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => number-of-vlccs-idling-off-singapore-leaps [to_ping] => [pinged] => [post_modified] => 2021-03-16 08:20:00 [post_modified_gmt] => 2021-03-16 08:20:00 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=138114 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )