Market Chat: Weeks 3 and 4
Using VesselsValue data, Rebecca Galanopoulos Jones, Senior Content Analyst, analyses the current trends in the Tanker markets. You can read the full piece here.
Ice class Tankers are the talk of the town
“The number of ice class Aframax Tanker transactions that took place in 2022 increased by 140% year on year. The majority of sales took place in the second half of the year and the average age of vessels sold was 15 years. Values for this sector have increased by c. 140% year on year from USD 16.34 mil to USD 39.19 mil…” Read more.
MR sales with undisclosed buyers surged in 2022
“The average age of the MR2 Tankers sold in 2022 was sixteen years. This has supported a firming particularly for vintage units which have seen the most impressive gains. For example, 45,000 DWT, 20YO MR2s increased by c. 123.5% from USD 6.56 mil in 2021 to USD 14.66 mil in 2022, the highest levels seen since October 2008…” Read more.
