Modern, scrubber-fitted VLCCs are attracting attention from investors, but those supposedly nearing the end of their lifespans have done better in the sale-and-purchase market.
Since the resale market entered its current upcycle in early 2018, estimates by VesselsValue show the price of a 20-year-old VLCC has increased by 33.6% — the second-best-performing age group after 15-year-old units.
In comparison, the value of a VLCC newbuilding for prompt delivery has appreciated by 23.6%.
