Euronav chief executive Rodgers says the fact asset prices are lagging the strong freight rate environment is “curious”.
Rodgers, speaking after Euronav’s best quarter since the financial crisis, said information from brokers suggests 10% of the world VLCCs are for sale, with most of those ships in the zero to five-year-old age range.
“It’s an anomaly to see such strong rates and so many willing sellers unable to find a willing buyer,” he said.
