“It’s an anomaly to see such strong rates and so many willing sellers unable to find a willing buyer.”

Euronav chief executive Paddy Rodgers puzzles the mystery of why 50 VLCCs are for sale in a strengthening tanker market.

(Big names head list of owners with VLCCs on sales block)

“Right now there are headwinds and serious headwinds....having said that, we think this is going to be a cycle just like other cycles, and it will turn.