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Asia Pacific China Tankers and Gas

Secondhand tanker values stall on coronavirus-led demand downturn

With the coronavirus curbing travel, falling refinery output in China curbing oil demand growth and blacklisted tankers returning to the market, there is not much room for second-hand vessel sellers to command big prices

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Falling oil demand and the return of 26 very large crude carriers to the crude tanker market are likely to depress prices for second-hand vessels

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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