A raft of aged crude tankers have changed hands in the secondhand market this month, with some owners seeking to cash in before asset prices fall further, brokers said.
Six VLCCs, four suezmaxes and five aframaxes have been sold since the beginning of September, according to VesselsValue. All but two are aged between 15 and 20 years.
Andreas Martinos-controlled Minerva Marine was the most active seller, having found buyers for the 309,000-dwt Pantariste, 105,900-dwt Minerva Zenia and 105,700-dwt Minerva Maya (all built 2002).