Bimco has forecast more secondhand market activity in the product tanker sector later this year, saying that opportunities for asset play deals will increase after falls of vessel prices.
The sale-and-purchase market has been subdued for much of this year, with difficulties in completing transactions due to travel restrictions and reluctance among potential investors during the Covid-19 crisis.
But Bimco chief shipping analyst Peter Sand said a pick-up in secondhand activity is “likely” later in 2020 due to a “sharp deprecation” in product tanker prices.
