Take Advantage of this Yard Sale?
13 May 2016: Tanker prices have been trending down in recent months, even though freight rates in most tanker segments have been strong. This week, Poten assesses the contract price for a newbuilding VLCC at $90 million and a 5 year old vessel is valued at $74.5 million. Over the last decade, tanker prices have rarely been this low and this only happened when the freight market was depressed. Does this indicate that now is a good time to invest in tankers?
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