Another VLCC currently working with BP will see its charter end in 2014. http://www.itcl.bm/IR/press_releases/1675256.shtmlThat will leave two VLCCs on charter to BP through mid 2014. I suspect when those renewalscome due in 5-6 months time, those charters will terminate also. FRO/ITCL mgmt still have somerestricted cash to support debt and operational payments. Things will get really interestingwhen the restricted cash runs out. Even without the restrictive clauses wrt charters, the VLCCcharter market isn't exactly healthy, and charterers will likely lean towards newer vessels.
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