Second Hand

Our development in Second-Hand has been massive in recent years. Our brokers deliver a truly unique service.

Second-Hand oil tankers are generally classified according to their size, carrying capacity, and age. Older ships may be cheaper to purchase but may also require costly repairs and upgrades. Transactions in the Second-Hand oil tanker market are often carried out by specialized brokers who act as intermediaries between buyers and sellers.

Second-Hand oil tankers are purchased by shipping companies, oil trading companies, or private investors. Purchase and sale contracts may include complex clauses, such as inspection, warranty, and delivery clauses. Market fluctuations, particularly due to geopolitical reasons, have an impact on vessel prices and on owners’ ability to obtain financing for the purchase of new vessels.

Riverlake is there to advise and guide you.