Price on second-hand crude tankers reaches highest level in 25 years

Strong outlooks for the tanker market have caused the price on a five-year-old crude tankers to increase by up to 67 percent since the bottom level in 2020, Bimco writes.
Photo: Mark J. Terrill/AP/Ritzau Scanpix
Photo: Mark J. Terrill/AP/Ritzau Scanpix

Longer voyages for tankers as a consequence of Russia’s invasion of Ukraine have led to a strong leap in ship prices.

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