Appetite for tanker purchases shows no sign of declining, but a lack of fresh secondhand tonnage for sale is spurring an uptick in newbuilding deals.
This is according to UK shipbroker Simpson Spence Young’s head of sale and purchase, Toby English.
He has logged 43 new MRs contracted in South Korea and China in 2022, with prices increasing from just under $40m at the start of the year to levels of $45m or $46m now, up 15%.
