By common consent the dire markets for tankers are unlikely to improve much this year. And yet asset prices remain solid - a strange twist to a sector that has had to get used to the doldrums.
Part of the reason tankers have appreciated in price in 2021 is down to the increased bargaining power of shipyards, a new report from Drewry suggests.
VLCC newbuild prices moved up by 16% between December 2020 and July 2021 to $100m whereas suezmax newbuild prices increased by ~20% to $6...
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