Declining spot and period rates for tankers have not discouraged tanker buyers one bit.

As the year turns, sale-and-purchase deals continue flowing at a brisk pace and rising prices.

Even VLCCs have joined in the dance lately.

“Αn active beginning [of the year] for bigger sizes was… observed in the wet market, as half of the sales belong to the VLCC sector,” Athens-based Xclusiv Shipbrokers said in their latest weekly report.