Paddy Rodgers, chief executive of Euronav, says the sector is "absolutely an interesting area".

Speaking on the owner's second quarter conference call, Rodgers said: "I know that we have been headline grabbing on VLCC acquisitions.

"It's not because we don’t care for the [suezmax] sector, we have just not seen the right transaction at the right pricing.

"We are definitely looking at a lot of different projects.