VLCC tankers are now demonstrating a contango market, especially after the recent rise of newbuilding prices, compared to their five-year old peers. This according to Mcquilling Services which stated in a report Friday, that the market for VLCCs could very well be in a contango, i.e. future prices are expected to be higher than current valuations. According to Mcquilling,
WORLD SHIPPING
08 March 2014 - 00:00
VLCC pricing to increase in the future
VLCC tankers are now demonstrating a contango market, especially after the recent rise of newbuilding prices, compared to their five-year old peers. This according to Mcquilling Services which stated in a report Friday, that the market for VLCCs could very well be in a contango, i.e. future prices are expected to be higher than current valuations. According to Mcquilling,
WORLD SHIPPING
08 March 2014 - 00:00
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