After outperforming the rest of the secondhand tanker market this year in terms of both prices and enquiry the market for 15-year-old tankers may have peaked, says a top shipbroker.

Since January values for aframaxes and suezmaxes of this vintage have appreciated by around 58% and 61% respectively, even more than VLCCs which are up 50%, says Gibson Shipbrokers.

The main reason for this appears to be the impending sanctions and corresponding G7 price cap on Russian oil and products due to come into force from 5 December and 5 February respectively.