Braemar Seascope is in positive mood about the VLCC market.
It draws attention to the fact that by the end of 2011, there will be 85 VLCCs that will pass their 15th birthday.
This condemns them to having the ‘overaged’ label attached to them.
The figure represents 15% of the fleet.
An overaged description makes them unacceptable to major oil companies, or in any case, not preferred.
The
