Tanker Values on the Rise as Well

The crude tanker market is experiencing an unprecedented spike in rates, with the VLCC spot charter market in particular reaching heights not seen before.

At the same time, VV values for crude tankers of all ages are on the rise.

The below table shows the percentage increase of VLCC values since the beginning of October, and highlights the need for reactive algorithmic driven valuations during periods of rapid and significant change.

We have put together the below data to analyse vessel activity during this period of change.

Source: VesselsValue