The old adage “Sell in May” appears to be taking place this week
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A VLCC by Maran
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2 Suezmax tankers by Teekay Tankers (TNK)
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An LR2 by Torm (TRMD)
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A pair of MR2 by Intl Seaways (INSW)
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a Suezmax by Nordic America Tankers (NAT)
https://www.hellenicshippingnews.com/wp-content/uploads/2025/05/WK-20-25-CARRIERS_SP-MARKET-REPORT.pdf -
Other than the NAT vessel (2004 build), the other vessels have not reached the 20-year mark. Each could find some employment elsewhere.
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Several weeks back, I suggested DHT, in selling two Chinese-built vessels, left money-at-the-table. The two VLCC transactions seem to show that. Those VLCCs are three or four years older than the pair DHT sold, and each seller did quite well on proceeds from their respective sales.