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VLCC TANKERS: North Sea crude to Asia

A supertanker loaded with North Sea Crude arrived at Ulsan, South Korea in mid-April to become the sixth such vessel to make the journey to Asia since mid-December. The vessel concerned was the very large crude carrier DHT Eagle (2002/309,064dwt), which loaded the cargo at Mongstad, Norway between 16 and 21 February.

The supertanker was originally booked to transport crude from Hound Point in Scotland, which is the loading terminal of the Forties blend, but this was changed to Mongstad. Hound Point regularly exports such cargoes, with a typical VLCC holding about two million barrels of crude. A full load is worth around $248 million, and cargoes can change ownership many times on one voyage.

Ships Montly - January 2024

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