VLCC asset prices defy gravity as five-year-old tonnage trades above newbuild contracts

The Hormuz crisis has broken the tanker market’s age depreciation curve entirely, with five-year-old VLCCs now trading above the price of a brand new vessel ordered from a Korean shipyard. According to Signal Ocean’s latest Tanker Market Monitor, the inversion of normal asset pricing logic is now visible across all major crude tanker segments. A …

splash247