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Owners seeing greater value in older crude tankers

Owners seeing greater value in older crude tankers
The Japanese controlled aframax Singapore Voyager, a 14 year old Namura built tanker, saw up to eight possible buyers come to inspect the ship in recent days, the majority of whom were Greek.

In the end, Clarkson Research reports Greece's PrimeBulk snatched the ship, paying Japanese owner MMS $10.4m.

Clarkson noted in its most recent weekly report that this was the third Japanese aframax sold in as many months, through a slight uptick price wise with the previous pair notching $10m each.

''[I]t is clear that owners are starting to see value in older crude tankers,'' Clarkson noted.

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