Interest in older very large crude carriers (VLCC) is continuing a high level.
VesselsValue now estimates the price of a five-year-old, 300,000-dwt VLCC at $26.8m, up from $23.6m two weeks ago.
A long downward trend for vintage VLCC asset values is bottoming out and rising.
Recently brokers reported Embiricos Group had sold its 1995-built 298,306-dwt Crete for $25m-$27m.