The 'Knock Nevis' - Largest Floating Storage Vessel
The 'TI EUROPE' - Largest Oil Tanker
"Two-thirds of its capacity comes from VLCC; the rest, from Suezmax tankers that operate heavily in the spot market. This allows investors to play the volatility of th ehot crude tanker market through a well-managed and well-capitalized company."
The big focus on the clear turnaround in the market will come once the big tankers get moving and insurance rates along with shipping rates pick back up. Should all that oil flood at once it could cause prices to remain between $60 and $70 through 2016 especially thanks to the expected stream yet to come from all the untapped fracklog wells. Keep an on eye on the December 2016 WTI & Brent contracts.