An order for two VLCC newbuildings from Japan’s Mitsui OSK Lines last week is unlikely to signal the start of a rush of similar deals — despite a record low in ordering and an improving market — according to brokers.
The order came just as the trading market began to pick up from its recent lows, prompting optimism that the beleaguered sector could be poised for an upturn that would trigger more newbuilding deals.
