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Royal ransom

Just who will buy all of Mohammed bin Salman’s extra crude?

You hardly ever get a second chance, not in life, not in the financial world and certainly not in global shipping. But in case you were too late in fixing a resale of your newbuilt VLCC, your five year- old V may suddenly be in high demand. For what a difference a few grumpy old men make, or dictators if you like, who just happen to be at the helm of the world’s top oil producing countries. No, we are not only talking about President Trump here.

Splash Extra highlights the tanker market even...

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