{"id":34334,"date":"2023-07-24T12:16:05","date_gmt":"2023-07-24T09:16:05","guid":{"rendered":"https:\/\/www.al-sindbad.net\/prices-for-older-vlccs-falling-fast\/34334\/"},"modified":"2023-07-24T12:16:05","modified_gmt":"2023-07-24T09:16:05","slug":"prices-for-older-vlccs-falling-fast","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/prices-for-older-vlccs-falling-fast\/34334\/","title":{"rendered":"Prices for older VLCCs falling fast"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>For older VLCCs, prices are falling fast. The latest rusty tanker deal filling up broking reports is a sale by South Korea\u2019s SK Shipping which has offloaded the 19-year-old, 314,000 dwt, Samsung-built<br \/>\n\t\t\t<span style=\"color:#00adeb;\" class=\"mt_tooltip\" data-mturl=\"\/en\/ais\/details\/ships\/shipid:412490\/mmsi:441629000\/vessel:412490\" data-info=\"C.CHAMPION [KR]\" data-photourl=\"https:\/\/www.al-sindbad.net\/file\/2023\/07\/Prices-for-older-VLCCs-falling-fast.aspx.jpeg\" data-assetname=\"9256975\" data-assettype=\"IMO number\">C.Champion<\/span> for $37.8m. The ship has been under negotiations for weeks, with brokers monitoring the deal closely. \u00a0<\/p>\n<p>The last comparable deal to <em>C.Champion<\/em> was sealed at the end of June when Bahri sold another same-aged, 316,000 dwt, Hyundai Heavy-built tanker called Lulu for $42.5m.\u00a0<\/p>\n<p>Going back to March, prices for vintage VLCC were dramatically higher with Japan\u2019s Mitsui OSK Lines (MOL) able to sell the 18-year-old, 311,000 dwt <em>Yufusan<\/em> to Chinese interests for $52m.\u00a0<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>Details from other deals have also emerged. Dubai-based Black Swan Petroleum has been listed as the buyer of Dynacom\u2019s oldest VLCC, a ship quietly sold in June. Sales registers show that the petroleum product and lubricant supplier has added the 17-year-old, Mitsubishi-built <em>Yio<\/em> for $54m. Dynacom had bought the ship three years ago for around $33m.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/south-korea\/\" rel=\"tag\">South Korea<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For older VLCCs, prices are falling fast. The latest rusty tanker deal filling up broking reports is a sale by South Korea\u2019s SK Shipping which has offloaded the 19-year-old, 314,000 dwt, Samsung-built C.Champion for $37.8m. The ship has been under negotiations for weeks, with brokers monitoring the deal closely. \u00a0 The last comparable deal to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":34335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-34334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=34334"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/34335"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=34334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=34334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=34334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}