The Nightmare in the Global Fare Market in VLCC ships

Last year (2020) due to the Covid-19 pandemic that swept the world, the VLCC (Very Large Crude Carriers-the longest ship ever built) with a capacity of more than 300000 tons dw offered record profits of $240,000 a day as demand was huge for oil supply and storage due to the low price of oil. VLCC …

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