Tag: VLCC

Veson Nautical has taken a look at the current position of the VLCC market across vessel values, earnings, and S&P activity. 

According to local reports, CSET's Board approved a strategic investment in six 307,000 DWT VLCCs to be built.

Japanese consortium announces that it produced a design concept for Japan’s first Malacca Maxtype VLCC to use methanol.

IINO Kaiun Kaisha (IINO Lines) has announced the order of Japan's first large methanol dual-fuel Very Large Crude Carrier (VLCC), designed by a consortium of organizations. 

The National Shipping Company of Saudi Arabia (Bahri) announces that it has finalized a purchase agreement with Capital Maritime and Trading Corporation to acquire nine Very Large Crude Carriers (VLCCs) for an approximate amount of SAR 3.75 billion (USD 1 billion). 

On August 17, 2024, China Merchants Energy Shipping (CMES) announced a significant advancement in its fleet expansion and sustainability strategy.

Mitsui O.S.K. Lines announced that the MOL Group signed a deal to raise funds through transition linked loan (TLL) financing with Sumitomo Mitsui Trust Bank.

Mitsui O.S.K. Lines (MOL) and Idemitsu Kosan Co., Ltd. (Idemitsu Kosan) announced the joint start of a demonstration test on the recycling of used plastic waste generated aboard a very large crude carrier (VLCC).

DHT Holdings, Inc. announced it has entered into agreements to build four large VLCCs for delivery between April and December 2026. Two will be constructed at each Hyundai Samho Heavy Industries and Hanwha Ocean, in South Korea. 

Hunter Group has entered into a three-year back-to-back charter party for an eco-design and scrubber fitted Very Large Crude Carrier (VLCC) built in 2016 (the Vessel), with an internationally renowned counterparty.