VLCC SUPPLY β ED'S DEEP DIVE
VLCC's in service: 851
Over 20 years old: 82 vessels = 9.64% total fleet
On order: 52 vessels = 6.11% of fleet
Deliveries so far in 2022: 16
Remaining deliveries, 2022: 32
Orders in 2022: 0.
$DHT $EURN $FRO $OET $INSW $NMM
[stats as of 10-06-2022]
International traders and shipping companies are beefing up contingency plans such as switching to China-Europe freight trains to deal with congestion at major ports in Europe. At the port of Rotterdam, empty containers are stranded amid a growing backlog of undelivered cargo.
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According to the Port of Rotterdam, >1/4 of the containers transshipped in Rotterdam is from China or has China as its destination. The yard density at the deepsea terminals has been extremely high over the last months due to unreliable deepsea schedules & high call sizes.
While the situation at ports lingers, several traders said they have diverted their goods, especially those value-added and urgent ones, from sea shipping to the intercontinental freight trains. βWe had several containers of electronic products waiting to be delivered back to π¨π³.