CLAVE 1 / 4100+ VLCCs scheduled for delivery annually in 2028 and 2029, the highest since 1974.
CLAVE 2 / 4Current orderbook stands at 319 VLCCs, equivalent to 34% of the existing fleet.
CLAVE 3 / 4Only 20 VLCCs due for delivery in the next six months, with just one delivered in 2024.
CLAVE 4 / 4Historical precedent: 1970s boom led to freight rate collapse and industry depression.
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