Secondhand VLCCs Now Valued Above Newbuildings

At the end of September, a 15-year-old VLCC was valued above a newbuilding for the first time at USD 139.2 mil for 310,000 DWT, compared to USD 138.7 mil for newbuilding vessels. The move is part of a wider inversion of the age curve; a five-year-old VLCC is now valued 55% above a newbuilding (USD ...