It prices an MR resale at $35m today,compared with $32m just two weeks back.

DNBMarkets, which picked up the trend in its morning report, says the value of anMR newbuilding has remained flat at $34m since July.

This confirmsthe bank’s view that “newbuild priceshave reached a floor and that asset prices will respond to rate improvements,”the report said.

As TradeWinds has reported MR tanker rates hit theirhighest level in four years during November, thanks in part to Hurricane Sandy.

RS