In contrast to a dry bulk sale-and-purchase market that has been more or less dead in the water this month, the secondhand market for tankers is firing on all cylinders.
Greeks, in particular, have been busy offloading tanker tonnage acquired at low prices weeks, months or even years ago.
In the latest such deal reported by several brokers, Kondinave likely almost doubled its money on a 16-year-old aframax it bought five years ago.
