Tanker industry veteran Per Wistoft believes the medium-range (MR) products-tanker market cannot support the large number of eco-design ships that have been ordered in recent years, or the prices they are commanding.

“We have had a massive amount of ordering and now we see an equally large amount of newbuilding resales,” he said. “I could buy 45 ships in an afternoon if I were prepared to pay the prices that are being asked.”

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