BP has booked a Chinese-owned newbuilding VLCC for three to six months, with weak diesel demand prompting need for vessels just delivered from shipyards to store the refined product, according to market sources.
Stake-linked Cosco Shipping Energy Transportation’s 319,000-dwt Yuan Gui Yang, which will be delivered from Dalian Shipbuilding Industry in mid-November, was reported fixed for $37,500 to $40,000 per day in the short-term deal.
