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Tanker owners can’t call a $140m ship too old to upgrade, says BAR Technologies
In simple terms
With new VLCCs ordered today won’t be delivering until 2029, most of the ships that will carry the world’s oil this decade are already trading. Portsmouth, UK, 20 October 2026.
The News
BAR Technologies argues that tanker owners should not reject upgrades for a $140 million vessel on age grounds, according to an article datelined Portsmouth on 20 October 2026. The piece notes that new very large crude carriers ordered today would not be delivered until 2029. It adds that most…
Earlier coverage
Earlier coverage on GreyNews
- Oil Tanker Tycoon’s WhatsApp Messages Drive Big Market MovesOct 27, 2026 · gCaptain
- Hormuz Chaos Sparks Legal Showdown Over Global Tanker PricingOct 26, 2026 · gCaptain
- U.S. Army Says It Has Helped 1.5 Billion Barrels of Oil Out of HormuzOct 26, 2026 · OilPrice
- Record Tanker Rates Cripple U.S. Crude Oil Flows to AsiaOct 24, 2026 · OilPrice
- Two 'unauthorised' oil tankers struck in Strait of Hormuz, Iran saysOct 24, 2026 · Africa News
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