The secondhand tanker market has set a new sales record for the first 10 months of the year despite the weakest tanker earnings in more than 30 years.
Sales reached 47.1m dwt during the January to October 2021 period versus the 42.8m dwt sold in the same period last year, according to the latest data from Clarksons Research.
The second quarter saw "especially robust activity", with 20.6m