Financial Ports

VLCCs hit record 49% premium as secondhand ships outprice newbuilds

CLAVE 1 / 4$207.6m: Current value of a five-year-old VLCC, nearly 50% above newbuild prices.

CLAVE 2 / 4$600,000 per day: VLCC earnings, 17 times the 10-year average.

CLAVE 3 / 415-year-old VLCCs now exceed newbuild values for the first time in history.

CLAVE 4 / 4Only five such inversions recorded this century, with the current one the widest on record.

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