Tanker Prices Are Soaring, and Shipyards Stand to Benefit

Disrupted trade patterns, tight shipyard availability and a dearth of new deliveries are all driving up prices for crude tankers. It’s a boom market for shipowners, and it’s shaping up to be lucrative for yards as well: the cost to build a new VLCC is now about 50 percent higher than it was in 2020, according to Athens-based shipbroker Xclusive.

View entirety: The Maritime Executive