VLCC charterer Hunter Group believes the sector faces a massive trigger point as crude output growth and sanctions combine to make ship supply look “increasingly tight”.
The Oslo-listed company has calculated that 156 more VLCCs could be needed through to 2026 to cope with increased demand to move barrels on mainstream vessels.
“There is tangible potential for near-term demand growth of more than 150 VLCC equivalents,” Hunter said.
