The oil tanker market is seeing huge repricing as the Iran war causes a huge demand shift
Some 15-year-old supertankers are now being valued or sold for more than the cost of ordering a brand-new vessel
A recently reported 2011-built VLCC sold for $146 million, compared with newbuild estimates of roughly $130–140 million
New tankers can take years to arrive, while existing vessels can start earning immediately.
Some 15-year-old supertankers are now being valued or sold for more than the cost of ordering a brand-new vessel
A recently reported 2011-built VLCC sold for $146 million, compared with newbuild estimates of roughly $130–140 million
New tankers can take years to arrive, while existing vessels can start earning immediately.