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Tankers and Gas Sale and Purchase Euronav

Euronav benefits from booming tanker values

Sale of 16-year-old suezmax unit is timely as asset values of older crude carriers have jumped 60% since January

  • Analysis

The increasing value of crude oil tankers is being partly driven by shipowners buying up ships to use for Russian business. But for those owners unwilling to ship Russian crude oil, the disposal of older ships represents a golden opportunity to cash in on high asset prices

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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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