How Much Is That Tanker In The Window?

Between the protracted inaccessibility of credit and mixed optimism on recovery in the freight markets, tanker asset prices have behaved erratically. Absolute price levels and the relationship between prices for newbuildings and secondhand tonnage are driven by the earnings potential of ships with prompt availability. While both newbuilding and secondhand prices have softened in the past year, a disconnect remains between charter rates and asset prices. Movements in asset prices have historically been mirrored across tanker segments, but nowadays varying strengths within the charter market and differences in sector fundamental outlooks could soon be dividing the pack. Download here