For sale: Oil Tanker asking $17M

#1

Post by caublestone » Tue, Apr 21, 2020, 3:54 AM UTC

For sale: Oil Tanker asking $17M
horizonship.com

Re: For sale: Oil Tanker asking $17M

#2

Post by riffic » Tue, Apr 21, 2020, 4:28 AM UTC

do these sorts of vessels not come up for sale very often? Not sure what's so notable about this particular listing.

Re: For sale: Oil Tanker asking $17M

#3

Post by tehlike » Tue, Apr 21, 2020, 4:32 AM UTC

riffic wrote: post #2

do these sorts of vessels not come up for sale very often? Not sure what's so notable about this particular listing.

The current oil crisis and the lack of storage makes storage space really expensive.

Re: For sale: Oil Tanker asking $17M

#4

Post by gonesilent » Tue, Apr 21, 2020, 4:34 AM UTC

You can bet some not so seaworthy tankers are being put to use again...

Re: For sale: Oil Tanker asking $17M

#5

Post by mark-r » Tue, Apr 21, 2020, 4:36 AM UTC

tehlike wrote: post #3

riffic wrote: post #2

do these sorts of vessels not come up for sale very often? Not sure what's so notable about this particular listing.

The current oil crisis and the lack of storage makes storage space really expensive.

Which means that somebody is hoping some naive investor will pay them to take a junker off their hands.

Re: For sale: Oil Tanker asking $17M

#6

Post by riffic » Tue, Apr 21, 2020, 4:38 AM UTC

tehlike wrote: post #3

riffic wrote: post #2

do these sorts of vessels not come up for sale very often? Not sure what's so notable about this particular listing.

The current oil crisis and the lack of storage makes storage space really expensive.

There are at least 150 listings for crude oil tankers at this site:

https://horizonship.com/ship-category/tankers-for-sale/crude...

What's notable about the selected ship?

Re: For sale: Oil Tanker asking $17M

#7

Post by jbyers » Tue, Apr 21, 2020, 4:42 AM UTC

...and if you'll accept it fully loaded, the price is $15M.

Re: For sale: Oil Tanker asking $17M

#8

Post by TylerE » Tue, Apr 21, 2020, 4:50 AM UTC

gonesilent wrote: post #4

You can bet some not so seaworthy tankers are being put to use again...

Rather the opposite. There is NO demand for oil right now. All the storage facilities are full.

Re: For sale: Oil Tanker asking $17M

#9

Post by throwaway894345 » Tue, Apr 21, 2020, 4:51 AM UTC

TylerE wrote: post #8

gonesilent wrote: post #4

You can bet some not so seaworthy tankers are being put to use again...

Rather the opposite. There is NO demand for oil right now. All the storage facilities are full.

I think the parent was suggesting that they would be used for storage.

Re: For sale: Oil Tanker asking $17M

#10

Post by chadash » Tue, Apr 21, 2020, 5:02 AM UTC

The problem is that the ship is in Africa. If it were docked in the US and in working condition, it would already be used for storing oil. No, you won't be able to buy this boat and get it here on time to fill it up with negative priced crude oil.