Tankers In High Demand During October

AI Summary

A total of 168 vessels changed hands in October, roughly flat year on year, while tanker sales climbed 61% to 82 vessels. Dry-bulk sales fell 30.5% to 57, and tankers made up 49% of all secondhand vessel transactions.

October’s secondhand market showed a clear shift towards tankers, despite little change in overall activity. A total of 168 vessels changed hands, unchanged year on year and 2% above September. Tanker sales rose 61% to 82 vessels, while dry bulk sales fell 30.5% to 57. Tankers accounted for 49% of all transactions, compared with 34% ...