The article focuses on the VLCC vessel glut. Among the considerations, scrapping of older VLCCshttp://www.hellenicshippingnews.com/News.aspx?ElementId=b690...The VLCCF vessels that were sold fit into this category, as do two of the TNP VLCCs. The question becomes, do the vessels just exit the transport side, or are they suggesting complete exit i.e. scrapping ofa vessel. Not immediately, but in a couple of years JF-owned vessels start getting impacted.Perhaps, that was the significance of lower rates thru 2015. That's the amount of time to captureenough run-off revenue from many of the SFL and KG-financed vessels.
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