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
Photo: Maxim Zmeyev/REUTERS / X90168
BY NIKLAS KRIGSLUND

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.

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