Euronav’s purchase of four firm Metrostar VLCCs at $96m each was followed by Tsakos snapping up a pair of York Capital vessels at $97m.
At the same time Fred Cheng is on the comeback trail with five tankers lined up, Ridgebury has entered the sector and Centrofin and Dr Peters have sold older units.
VesselsValue.com says Centrofin’s sale of the 299,100-dwt Kalymnos (built 2000) for $39m, coupled with the Metrostar deal shows “values of modern VLCCs dropping while values for older tonnage have increased”.
Noah
