Asset values for chemical tankers are approaching all-time highs due to years of under-investment in the global fleet, Veson Nautical said.
Analysts at the US optimisation platform added some vessels have seen sales prices double over five-years as rates have hit unprecedented levels.
According to Veson unit VesselsValue’s trade data, cargo miles have averaged growth of 11% year on year since November, whereas vessel supply growth has “crawled along” at 2%.
