Secondhand tanker prices have taken a dip, with BRS Group predicting scrapping will pick up shortly.
The French shipbroker said in its monthly note that tanker sale-and-purchase activity has slowed as demand for older tankers used to lift Russian crude wanes, rates fall, scrap prices rally and emissions regulations loom.
“We expect scrapping to accelerate from 2024 onwards with the survival probability narrowing down post-2026, below the current 24.5-year
