Tanker Buyers Splash $3.66 Billion: Top 10 Buyers’ Expenditure in YTD ’23

Credit: Teekay Tankers

In 2023, the leading buyers of used bulkers and tankers, the top two, have jointly expended $1.1 billion. While the top 10 bulk buyer spent $1.58 billion on 51 ships, the top 10 tanker purchasers surpassed them, investing $3.66 billion in 90 vessels.


Credit: VV Blog
  • Scorpio Tankers secures top position in tanker spending, investing $829.3 million in 17 vessels, mainly 13 MRs and 4 LR2s.
  • Gatik Ship Management emerges as a strong newcomer, purchasing 19 vessels in 2023, totaling 63 since its inception in December 2021.
  • Teekay Tankers ranks third, with a $393.9 million investment in 1 Suezmax, 4 Aframaxes, and 4 LR2s, all with an average age of 12 years.


Credit: VV Blog

Golden Ocean claims the top spot in 2023 spending, allocating $291 million on six Newcastlemax Capesizes (208,000 DWT) from H Line Shipping. These ships, averaging four years in age, were acquired in February.

Pacific Basin and Lomar Shipping share the lead in the number of bulkers bought this year. Pacific Basin ranks second with a $189.9 million investment in six Ultramaxes, two Supramaxes, and one Handy Bulker, averaging 10 years old.

Bulk Fleet Investments

Lomar Shipping, while tied for first in terms of the number of purchases, stands sixth in spending. Their nine ships, including five Panamaxes and four Supramaxes averaging 12 years old, amount to $137.7 million.

Bank of Communications Financial Leasing (Bocom) secures third place with a $188.7 million outlay. Their modern acquisitions feature a 2021-built Capesize, an 11-year-old Post Panamax, a 2023-built Panamax, and two 2023-built Supramaxes, contributing to the overall value.

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Source: VV Blog


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