Word: oilbergs
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Haulers are demanding ever larger ships, and builders have to meet the orders so that competitors will not run away with them. Since 1968, the oil companies have put into service twelve ships of 200,000 tons or more-called "oilbergs"-and they have 170 more on order in yards from Bilbao to Yokohama. Last week California Standard contracted for a pair of 260,000-tonners from Japan's Mitsubishi. Britain's Scott Lithgow group two weeks ago landed its first order for an oilberg, a 250,000-tonner to be constructed for Anglo Norness, a Bermuda-based...
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