Tanker values still rising on back of Russia-related trades
Demand for second-hand tankers remains high, while asset values for 15-year-old VLCCs have grown by 11% since the end of November. At the same time, 10-year-old MR units have increased in value by 7%
‘If Russia still requires extra shipping capacity beyond the tonnage it currently has access to, then further upside in second-hand tanker prices could be seen,’ says Gibson market analyst Matt Coates