Interest in older crude tankers has driven asset values to 15-year highs, VesselsValue has calculated.

The UK valuation platform said the sale-and-purchase boom has seen prices rise across most sectors and age ranges.

But it is 10 to 15-year-old vessels where the biggest jumps have been seen, according to analyst Rebecca Galanopoulos Jones.

Suezmaxes are leading the way with the most “dramatic” increases, as tonne-miles grow in the wake of the Russian invasion of Ukraine, she said.