Owners seeing greater value in older crude tankers

The Japanese controlled aframax Singapore Voyager, a 14-year-old Namura-built tanker, saw up to eight possible buyers come to inspect the ship in recent days, the majority of whom were Greek. In the end, Clarkson Research reports Greece’s PrimeBulk snatched the ship, paying Japanese owner MMS $10.4m.

Clarkson noted in its most recent weekly report that this was the third Japanese aframax sold in as many months, though a slight uptick price-wise with the previous pair notching $10m each.

“[I]t is clear that owners are starting to see value in older crude tankers,” Clarkson noted.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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