The tanker market continues to exhibit astonishing growth, with VLCC sales reaching unprecedented levels; the MT KALLISTA sold for USD 148 million, reflecting a bullish sentiment across the sector prompted by strong spot earnings.
Historical comparisons reveal the current decade's earnings across all shipping sectors, averaging USD 28,000 per day, while impressive, are below 2000s and 1970s peaks in real terms. Additionally, the dry bulk sector remains well supported, underscored by sustained buyer confidence despite elevated values, as recent transactions illustrate the ongoing robust demand for both modern and middle-aged vessels across various segments.