In its latest earnings report Ridgebury Crude Tankers noted that five-year-old suezmaxes were commanding $54m on average by the end of the fourth quarter.
The Westport, Connecticut-based operator pointed out that is roughly $4m higher than assessments calculated three months prior.
Of the 15 suezmaxes that changed hands in recent months Ridgebury noted all but one were built by Rongsheng Heavy Industries of China.
“Management
