This dissertation examines the determinants of prices of newbuilding vessels in the VLCC market. Factors such as second-hand vessel prices, earnings of VLCCs, sales in the sector, DWT, scrap prices, and freight rates are analyzed using historical data. The findings suggest that ship owners should consider supply and demand dynamics, as well as factors like second-hand vessel prices, scrap prices, and freight rates when making vessel-acquisition decisions. The study provides valuable insights for ship owners in the VLCC sector