Secondhand tanker deals have been decelerating from their frenetic pace last year, but the market still offers ample scope for a merry-go-round of profitable transactions.

Clarksons’ analysts count around 40 oil carriers changing hands between 1 January and 27 January, down from an average of 66 tankers per month in the second half of 2022.

A slowdown in investment was “long due”, given the “amazing run” the market had for more than six months, argued Eva Tzima, head of research at Seaborne Shipbrokers in a report earlier in January.