The forced tanker sales of Russia’s sanctioned Sovcomflot (SCF) have stolen the limelight in secondhand markets lately but they have not stilled buyers’ thirst for more such tonnage in a market increasingly skewed in sellers’ favour.

“Activity levels managed to hold their ground for yet another week, with a fair number of units changing hands,” analysts at Allied Research said in a note on 16 May.

“This came in line with the general stronger buying appetite and asset price levels we have been noticing during the past few months or so,” they added.