23-year-old VLCC fetches $57m

AI Summary

The 23-year-old Very Large Crude Carrier (VLCC) Hellstugutinden sold for $57 million, illustrating strong demand for vintage tanker vessels. Built in 2003 with 300,000 dwt capacity, this sale reflects heating market conditions for older tanker tonnage.

The reported $57m sale of the 23-year-old VLCC Hellstugutinden provides the latest evidence of just how hot the market for vintage tanker tonnage has become. The 2003-built, 300,000 dwt vessel is understood to have changed hands over the weekend for $57m, an extraordinary valuation for a ship of its age. The deal lands in a …