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Tankers and Gas Sale and Purchase VLCC

Tanker sale-and-purchase activity bounces back while sellers hold firm on pricing

  • The tanker sale-and-purchase market has steadied after a sharp dip in activity triggered by early geopolitical tensions in the Middle East Gulf
  • While transactions dropped in early March because of uncertainty, buyer interest rebounded swiftly
  • Demand for secondhand product tankers has been especially strong of late, with values rising by up to 8% in the past two months

  • Analysis

While sales activity has been strong, high spot freight rates mean some shipowners are less keen to sell their ships. This is widening the gap between buyer and seller price expectations

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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