Brokers report that the market is “awash” with tankers for sale across all sizes of both clean and dirty vessels built in the late 1990s or early 2000s.
But they detail that there is a 5% to 10% disconnect between sellers’ expectations and what owners are prepared to pay.
In illustration, one broker says there is a huge amount of enquiry for older VLCCs, particularly with time-charter levels looking so healthy.
