Name Your Price

26 Jun 2015: What is happening with tanker prices? Crude oil tanker prices have moved somewhat out of sync as of late.  In the most recent Marine Project Report, Poten’s assessment of a VLCC newbuilding contract is  approximately $95.5 million, down $2 million from the end of 2014, while prices for 5 year old VLCCs are currently  assessed at $80 million, $5 million higher than in December 2014 (see Figure 1).  Developments for Suezmaxes are even more extreme with newbuilding contract price assessments are $2 million lower than levels seen at the end of 2014, while 5 year old values increased by $6 million over the same period. Download here