ShippingWatch

The value of second-hand tankers dropped in tough 2018

OPEC's output cap and weak markets made ship asset values for second-hand tankers decline in 2018. For container and dry bulk ships, the year developed differently, according to numbers from Maersk Broker.

Photo: /Ritzau Scanpix/Reuters/China Stringer Network

While the value of second-hand container and dry bulk ships increased in 2018, tanker asset values went the opposite direction, according to numbers put together by Maersk Broker for ShippingWatch.

The market for 5-year-old product tankers and crude tankers was, at the end of the year, 4 percent lower compared to the average asset values in 2017.

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