The market continues to remain relatively calm. However, there have been a couple of solid secondhand transactions. There was a 1999 built VLCC (309,985 dwt) $ 22m, the price is based on a premium of $ 5-6 million above scrap value for 20 year old tonnage. This is a very strong transaction. There was also a 1999 built Aframax (99,123 dwt) for around $ 8.7m.
No activity of interest