Tanker values continue to descend, with exception of VLCCs
Most tanker segments have seen declines in asset values of between 6% and 10% since first-quarter highs, but the largest tankers have maintained their strength
‘Tanker sale and purchase activity has significantly decreased in every quarter of 2024, with each quarter seeing a steeper decline than the previous one,’ said Xclusiv Shipbrokers analyst Eirini Diamantara