Prices for secondhand vessels are falling across all sectors as sellers and some buyers retreat from a challenged trading market.
But sale-and-purchase brokers said tanker owner Euronav’s opportunistic purchase of three scrubber-fitted VLCC resales, with delivery in late 2020 to the first quarter of 2021, may inspire others to make similar plays.
One broker described the S&P sector as being in a “vegetative state”.
