INTERTANKO: VLCC FLEET GROWING
The world fleet of very large crude carriers (VLCCs) continues to grow, reported International Association of Independent Tanker Owners (Intertanko). As many as 26 VLCCs are slated for delivery later this year in addition to the 16 delivered in 1993 as of July 1, Intertanko said. Meantime, scrapping of VLCCs is accelerating, with 13 sold for scrap in first half 1993 vs. eight the same time last year. The tanker and combined fleet now totals about 300 million dwt, up 33 million dwt from the beginning of 1987, the lowest level of the past 20 years. Deliveries in the first half total 7.2 million dwt vs. scrappage of 7.1 million dwt.
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