✉news EnvironmentOceans first seen 1 h ago, last 1 h ago, peak #33
Pan Ocean lands $109.6m VLCC fixture as Trafigura builds fleet
South Korean shipping company Pan Ocean has secured a $109.6 million VLCC fixture, with commodity trader Trafigura continuing to build up its tanker fleet. The deal is being watched by industry observers as a sign of strengthening demand for very large crude carriers and deepening ties between shipowners and major trading houses.
Why now: A large-value VLCC fixture and Trafigura's fleet expansion signal renewed momentum in the crude tanker market.
Evidence
- Pan Ocean lands $109.6m VLCC fixture as Trafigura builds fleet · TradeWinds News
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