VLCC CONSTRUCTION--RISING PRICES FAIL TO DETER NEW ORDERS

The very large crude carrier (VLCC) is gradually returning to favor as tanker markets improve and owners take steps--or plan to take steps--to replace existing ageing tonnage. Between 1987 and 1989, however, prices for building such a vessel in the Far East have risen from about $45 million to perhaps as much as $75 million. The reasons behind this steep escalation in price are discussed, as are the orders that are being placed with Far East yards despite it.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03070220
• Supplemental Notes:
  • Journal article
• Authors:
  • RICHARDSON, P
• Publication Date: 1989-3-9

Media Info

• Pagination: 2 p.
• Serial:
  • Fairplay
  • Volume: 309
  • Issue Number: No.5499
  • Publisher: Lloyd's Register-Fairplay
  • ISSN: 0307-0220

Subject/Index Terms

• Geographic Terms: Asia; East Asia
• Old TRIS Terms: Large tankers; Ship prices
• Subject Areas: Marine Transportation;

Filing Info

• Accession Number: 00657137
• Record Type: Publication
• Source Agency: Maritime Technical Information Facility
• Files: TRIS
• Created Date: Jul 21 1994 12:00AM