A VLCC is over 300,000 dwt, length of three football pitches- some VLCC’s are well over 300 m.
The technology is owned by a private entrepreneur who conceived it in the wake of the Exxon Valdez oil spill disaster (1989). To date 100% equity funded.
The project was shelved in 2001 due to competing personal priorities of the shareholder who now wishes to revitalize & launch it commercially on a global scale.
External funding is needed for the commercial launch: