VLCC newbuilding ordering activity shows no signs of slowing down

Very large crude carrier (VLCC) newbuildings have dominated the tanker ordering space in the first four months of 2021 with 32 units of 9.6mdwt, Simpson Spence Young (SSY) said. But newbuilding prices, which have steadily risen since the last quarter of last year, could stem the order flow, the world’s largest independent shipbroker added, as per Trade Winds. A very large crude