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More ship recycling is required for tanker markets to recover, according to many analysts. Pictured, the Sri Vishnu (built 2000) under the former name Overseas London. Photo: Stan56/MarineTraffic

Secondhand prices for aged tankers inch closer to scrap values

But recent deals for the Selene Trader and Sri Vishnu suggest the gap needs to narrow further for large-scale scrapping to occur

23 November 2020 12:03 GMT Updated 25 November 2020 9:09 GMT

By Max Tingyao Lin

in London

Reported sale prices of aged tankers have edged closer to scrap values as the winter freight market turns

Tankers

Secondhand prices for aged tankers inch closer to scrap values