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      Recently, Euronav CEO Paddy Rodgers said that one-tenth of the ships in the global VLCC fleet are currently in the sale stage. This is due to the fact that there is still a gap between the strong spot market performance and asset value, which hinders the VLCC transaction.
     In fact, the value of VLCC assets is lagging behind the strong performance of the market freight rate, making many potential traders still in the wait-and-see stage. At present, 10% of VLCCs on the market are in the stage of sale, and most of these ships are 0-5 years old. He pointed out that the current VLCC spot market is strong, and these VLCC sellers are difficult to find willing sellers. This is a very unusual phenomenon.
      The data shows that 23 VLCCs have reached a deal so far this year, and in 2014 a total of 89 VLCC transactions were reached with a total transaction value of US$4.36 billion. The four largest transactions were reached early last year. Before Euronav acquired the Maersk tanker VLCC fleet, General Maritime first acquired seven new VLCCs from Scorpio, and DHT took over the Samco fleet. After Euronav reached 15 VLCC acquisitions, Genmar announced the acquisition of Navig8Crude.