vlccs in A Sentence

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    The largest ships are 308,000 tonne Vlccs.

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    Euronav is a founding member of the Tankers International VLCC pool which operates the largest modern fleet of Vlccs available today.

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    Oil export terminals are small by global standards and the biggest tankers- Very Large Crude Carriers(Vlccs)- don't fit through the Panama Canal.

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    An additional 33 Vlccs are scheduled to be delivered in 2019 with 43 more to follow in 2020 before the order-book declines sharply.

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    US oil export terminals are small by global standards and the biggest tankers- Very Large Crude Carriers(Vlccs)- don't fit through the Panama Canal.

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    An additional 33 Vlccs are scheduled to be delivered in 2019, with 43 more to follow in 2020, before the order book declines sharply.

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    While the pace of recycling has slowed significantly compared to last year, there are still 170 Vlccs that are greater than 15 years of age.

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    March 2018 was the busiest month for crude oil tanker demolition in general and specifically for Vlccs since 2003, with 10 units sold for demolition.

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    South Korean shipyards won deals to build 34 Vlccs last year, accounting for 83 percent of the total placed around the globe for such vessels.

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    So far this year, 13 new Vlccs have been delivered while 22 have been scrapped and additional Vlccs have been sold for near-term scrapping, Frontline said.

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    South Korean shipyards snatched up deals to build 34 Vlccs last year, accounting for 83 percent of the total placed around the globe for such ships.

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    The US will not only have to keep the Straits open, but also protect all the shipping including the 15 odd Very Large Crude Carriers(Vlccs) that transit the Straits every day.

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    The current pace of scrapping of old tankers could outpace the supply of new vessels and thus lead to a decline in the number of Vlccs globally in 2018, Frontline said.

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    If the Lushington Shoal is marked, the Vlccs coming to Gulf of Kachchh can directly take the route from west instead of coming down South and then follow the Deep Water Channel.

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    Currently the United States, unlike top exporters such as Saudi Arabia, has limited capacity to fully load Very Large Crude Carriers, or Vlccs, forcing companies to do ship-to-ship transfers in deep waters, which is costly and inefficient.

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    Two more Vlccs- the Ghinah and the Eagle Victoria- were scheduled to leave the Texas coast for undisclosed ports in India this month, bringing planned USA oil exports to India to at least 191,000 bpd for the month.

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    Two more Vlccs- the Ghinah and the Eagle Victoria- were scheduled to leave the Texas coast for undisclosed ports in India this month, bringing planned U.S. oil exports to India to at least 191,000 bpd for the month.

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    Two more Vlccs- the Ghinah and the Eagle Victoria- were scheduled to leave the Texas coast for undisclosed ports in India this month, bringing planned United States oil exports to India to at least 191,000 bpd for the month.

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    Tanker rates are still low, however, and 78 percent of Frontline's very large crude carriers(Vlccs) are covered at a daily $11,600 for the second quarter compared with $14,900 in the first quarter and a cash break-even level of $22,700 for 2018.

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    The tanker company providing energy transportation services for crude oil, petroleum products and liquefied natural gas announced in a press release that it has completed its previously announced acquisition of six 300,000 DWT Vlccs for a purchase price of $434 million, inclusive of assumed debt, from Euronav.

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    As U.S. oil companies fear Chinese tariffs on U.S. crude, and as Gulf Coast ports become more efficient at loading Very Large Crude Carriers, known as Vlccs, which can carry roughly 2 million barrels of oil, U.S. exports will"go into more and more markets in Asia," said Olivier Jakob, head of Petromatrix.

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