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Tanker vessel prices could increase 50 percent

Although spot rates seem to have lost a little momentum, prices on older tanker vessels could double within the next two years, projects shipping analyst from Cleaves Securities.

Photo: Maxim Zmeyev/REUTERS / X90168

Prices for old tanker vessels are expected to increase in the coming years, although spot rates for crude oil transports seem to have lost some of their momentum since last week's massive increases.

According to shipping analyst Joakim Hannisdahl from Cleaves Securities, prices on tanker vessels could increase by as much as 50 percent in the next two years.

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