LATEST TOPICS

Tanker values at 13 year high

Tanker values at 13 year high

Values for five year old VLCCs are currently at the highest levels since 2009. For example, 320,000 DWT, 5YO are currently valued at USD 95.74 mil, up 33.12% from the start of the year from USD 71.92 mil in January. Overall, Tanker sales have risen this year by c.12% with 1,026 transactions reported so far […]

Read More
Older Tankers in High Demand

Older Tankers in High Demand

Demand for tankers aged from 15-years and older have been in high demand in the secondhand market. In its latest weekly report, shipbroker Gibson (https://www.gibsons.co.uk/) said that “this year, 15-year-old crude tanker values have broadly outperformed the rest of the secondhand tanker market in terms of both prices and enquiry. The main reason for this […]

Read More
Tankers at Sea Insight: VLCC segment breaks out of rut as higher employment in summer buoys earnings

Tankers at Sea Insight: VLCC segment breaks out of rut as higher employment in summer buoys earnings

More VLCCs managed to secure employment in August, as higher demand for crude spurred by stronger refinery processing and robust refined products cracks in the Atlantic Basin boosted utilization rates significantly.   Demand for shipping crude oil increased, due to more cargoes traded and longer distances covered. Data by S&P Global Commodities at Sea show […]

Read More
Tanker Values on the Rise

Tanker Values on the Rise

Astronger tanker market over the course of the past few weeks, has helped increase prices for tankers as well. In its latest weekly report, shipbroker Gibson said that “amidst widespread price increases, it is not surprising that tanker asset values have also been rising. Our data shows a strong appreciation in VLCC and Suezmax values, […]

Read More
1 2 4

Enter your keyword