Tanker earnings are up — but S&P activity? Not so much.
As featured in Lloyd’s List this week, our data at Xclusiv Shipbrokers Inc. shows a 34% drop in tanker sale-and-purchase transactions so far in 2025, despite freight rates soaring across the board. VLCCs are up 47%, Suezmaxes 122%, and Aframaxes 87.5% since late January — yet prices haven’t moved much, and buyers remain cautious.
Xclusiv Shipbrokers analyst Dimitris Roumeliotis says the tanker sale and purchase market so far in 2025 appears cautious.
As Dimitris Roumeliotis noted, the market is taking a “wait-and-see” approach. Higher freight rates haven’t yet translated into asset price hikes — possibly because of macro uncertainty, selective buying, and ongoing concerns around tariffs and trade policies.
Suezmax sales are the outlier, with more deals being done, while MR and chemical tanker segments have seen sharp declines. Recycling activity is picking up, but strong earnings and falling steel prices are keeping most older ships in play.
Appreciate the coverage by Lloyd’s List and Robert Willmington Willmington — and glad to see our insights getting attention, even if the market itself is staying on pause for now.
Full article here: https://lnkd.in/dZr63Nkp
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Sourcing https://www.lloydslist.com/
