The clock is ticking on 100 VLCCs despite expectations of a rising freight market, according to one leading shipping analyst.
Greg Lewis of BTIG has walked back his own belief large tankers are only scrapped when rates are below mid-cycle levels.
While spot rates are still seen as the single largest factor on the decision to send a VLCC to the beach, a millennial delivery bubble is about to pop around a number of tankers, the...
