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WetCargo

Tankers for sale

Tankers of the former shadow fleet, returned to legal trade: repaired, back in class and handed over ready to work. Choose a class, then a series of sister ships, then the tanker itself.

Typical figures for tankers of this class; fuel at sea covers the main engine, generators and boilers.

How a purchase works

  1. 01Choose a tankerPick a class, a series and the ship, and send a request with your company's details.
  2. 02Check and priceThe desk checks your company and confirms the price.
  3. 03Payment100% at once, into the desk's escrow account.
  4. 04LicenceWe apply to OFAC for a licence to sell the ship to you.
  5. 05Refit and classRepairs and a class renewal survey at a yard near its anchorage.
  6. 06HandoverThe tanker is yours, in class and ready to trade: at the yard, or at your port if our crew delivers it.

Every tanker has its own request button on its series page. A request costs nothing: you pay only after the desk confirms the price.

How a tanker is priced

Every line adds up to what you pay for a ship ready to trade.

Hull
What a breaker would pay, lightweight × scrap price, times 1.0 to 1.7 for age and condition.
OFAC licence and lawyers
The application and the lawyers on both sides.
Repairs
By condition: A, B or C.
Class renewal
The survey and the work it finds.
Our margin
6% of the lines above.
Total
What you pay; the tanker comes ready to trade.

Scrap price now: $520 per LDT, from GMS weekly ship recycling indications, tankers, Pakistan, 3 Nov 2026. When it moves, so do our prices.

Condition

  • AKept in trim at anchor: light repairs.
  • BIdle for a while: steelwork and machinery.
  • CLong lay-up or damage: heavy repairs.

Why these tankers are for sale

  • On 19 October 2026 the US Energy Secretary, Chris Wright, said investors may buy idle sanctioned tankers, repair them and carry oil that is not under sanctions. “There is no removing of sanctions”, he said: each ship goes through approval, its designation comes off when it is sold to a new owner, and the old owner stays sanctioned.

    The National, 19 Oct 2026 · The Maritime Executive

  • Wright put the shadow fleet at about 1,600 tankers and said dozens or even hundreds could come back. Analysts count fewer: Kpler expects only 24 of some 160 sanctioned VLCCs to return to mainstream trade.

    The National, 19 Oct 2026 · USM, 20 Oct 2026, citing Kpler

  • On 28 October 2026 OFAC published a Statement of Licensing Policy on Authorizing Persons to Purchase Blocked Vessels. It is not a general licence: buyers apply, and OFAC decides ship by ship.

    OFAC, Russia-related sanctions: guidance on licensing policy · PortNews

  • Many of these ships need work. Clarksons understands that about half of the sanctioned VLCCs are storing cargo, idle or damaged, and that bringing them back takes lengthy repairs and upgrades.

    Lloyd's List, 19 Oct 2026, citing Clarksons

  • OFAC has licensed such purchases before, one ship at a time: earlier in 2026 it gave the ship recycler GMS specific licences to buy and recycle four sanctioned container ships.

    Riviera, 27 May 2026

Our terms, not OFAC's rules: you pay into the desk's escrow account, and every tanker is repaired and back in class before we hand it over.

The ships and the desk are fictional. A real purchase of a blocked vessel needs a licence from OFAC.