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Crude Greeks decide it’s time to go very large

From maritimeintelligence.informa.com

Central Group, Latsco Shipping, Maran Tankers, Athenian Sea Carriers, Capital Maritime, Navios and Samos Steamship are among the Greek owners that have arranged to get their hands on new VLCCs as prices seem headed higher and building slots dry up TO THE general public most ships have the look of behemoths, but even within the industry ordering a brand-new very large crude carrier is one of the quickest ways you can make a statement. Greek owners, who are the dominant owners of crude oil tankers and own about a quarter of the world’s fleet of 800 or so working VLCCs, have made their own statement by penning a flurry ... (full story)

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  • Category: Fundamental Analysis