Why 20+ Year Old Oil Tankers Are Selling for Over 100 Million Dollars

Why are 20-year-old oil tankers suddenly selling for over $100M? With charter rates hitting astronomical highs, oil producers are finding it cheaper to buy aging vessels for just one or two voyages before scrapping them rather than leasing. Tom Beney, StoneX SVP of Ocean Freight, explains how this is impacting the shipping industry and more in his full report, which can be found in the related video. 🔔 Subscribe to StoneX for more global market insights and commodities analysis. #CrudeOil #TankerMarket #GlobalTrade #EnergyMarkets #Shorts