Sale-and-purchase activity for secondhand product tankers has heated up in recent weeks, with bargain hunters keen to acquire tonnage to take advantage of the forecast upturn in freight earnings.
According to Clarksons’ data, 74 product tankers totalling 3.5 million dwt changed hands from July to the end of November. Of those, 32 ships of 1.4 million dwt were transacted in the past two months.
