Secondhand crude tankers reach highest values in 15 years
Secondhand crude tanker values for five-year-old ships hit bottom levels in late 2020 and have since increased by an average 67%. Over the past twelve eventful months values have risen by 34%, reaching their highest level in 15 years.
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Posted:
19 April 2023
BIMCO's Shipping number of the week
- Container ship contracting spree now exceeds 10 million TEU
- Product tanker contracting hits 18-year high after 17% rise y/y
- US grain exports seen rising 12%, but sailing distances could shorten
- India now depends on Russia for 40% of its crude oil imports
- Container ship fleet expands by 11%, fastest growth in 15 years
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