Low tanker rates are pushing increasing numbers of old VLCCs to the scrapyard, but not enough to counter deliveries of new vessels, shipping brokers said. "Depressed VLCC rates seem finally to be taking a toll on the mid 70s built fleet of large tankers," Norwegian broker Bssoe said in a report for November. Nine VLCCs were sold for demolition during November, taking the total this year to 29 units, compared with 14 by the same time last year, the broker said. But 25 new VLCCs have been delivered this year and a further 10 are expected. "The supply side of the VLCC equation is more or less unchanged," the broker said. Brokers have been praying for higher scrapping levels this year as freight rates have tumbled. But despite incentives being available, tanker demolitions have not taken off.