Detailed Notes on cash 1
Detailed Notes on cash 1
g. because of mounting steel prices. Moreover, everyone inserting a fresh order now must wait around over 4 decades for shipping, as several shipyards are fully booked For several years. Because of these moves, INSW's normal fleet age is now right down to eight.eight a long time and may fall more in the event the VLCCs come on the net.
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These aged ships are primary scrapping candidates, specifically if scrapping rates remain powerful and owners can make the most of significant steel pricing.
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