Friday, September 28, 2012

[Marine] More VLCC sales

[Marine] More VLCC sales

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.



Published : September 27, 2012


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