Analysts at the bank note 15-year-old VLCCs have jumped 11% to $37m since June.
Five and 10-year-old VLs have risen by 5% and 7% respectively over the same period.
“We believe there is more room for second-hand asset price appreciation in light of the current strong crude tank market supported by oil producers continued incentive to maximize production and hence pour more oil into the market,” Nicolay Dyvik, Oyvind Berle and Petter Haugen wrote in a report today.
