US shipbroker McQuilling Partners believes the tanker sector is due for a shock in terms of asset prices in the near future.
Stefanos Kazantzis, the commercial director of the company’s research unit McQuilling Services, said potential changes in vessel valuations will be a key development to keep an eye out for this year.
He explained that higher prices have been supported by high replacement costs at shipyards, elevated scrap values and a general lack of “modern inventory” available for sale.
