By the end of 2019, more VLCCs will have been delivered than in any year since 1976, giving the VLCC fleet a growth rate of 8% to date. By the end of 2019, more VLCCs will have been delivered than in any year since 1976, giving the VLCC fleet a growth rate of 8% to date. By the end of 2019, more VLCCs will have been delivered than in any year since 1976, giving the VLCC fleet a growth rate of 8% to date.

Thus far in 2019, 65 VLCCs, with a total of 19M dwt, have been delivered while only four ships, totalling 1M dwt, have been demolished. Four more VLCCs are expected to be delivered in…