Splash 247: Tanker fundamentals see investors pile in

VLCC newbuilding prices have increased from $88.4m in January 2021, to $119m, an increase of 35%, according to the New York-based tanker broker Poten & Partners. Secondhand prices have shown a similar trend. The last time asset prices increased like that was during the tanker supercycle from 2004 to 2008.

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