A rush of scrapping in the depressed VLCC market has now seen 16 of the tankers sent for demolition in 2018, according to Affinity.
Three VLCCs have been scrapped this week, alongside a suezmax and two aframaxes, the brokerage noted.
“This comes as a welcome shift in the right direction for deletions vs additions in the VLCC fleet,” Affinity said in a report.
