How much does it cost to build an oil tanker?

Answer 1

In 2005, the price for new oil tankers in the 32,000-45,000 DWT, 80,000-105,000 DWT, and 250,000-280,000 DWT ranges were US$43 million, $58 million, and $120 million respectively.In 1985 these vessels would have cost $18 million, $22 million, and $47 million respectively.

Oil tankers are often sold second-hand. In 2005, 27.3 million DWT worth of oil tankers were sold used. Some representative prices for that year include $42.5M for a 40,000 DWT tanker, $60.7 million for a 80,000-95,000 DWT, $73 million for a 130,000-150,000 DWT, and $116 million for 250,000-280,000 DWT tanker. For a concrete example, in 2006, Bonheur subsidiary First Olsen paid US$76.5 million for Knock Sheen, a 159,899 DWT tanker
these days people dont really buy tanker ships, they are purchased by big multinational and investment companies who rent them out to shipping companies. this prices are currently not much of public knowledge since the pricing stays between the big companies and the ship builders. its believed to be between 50 million dollars to 200 million depending on the tonnage. hope this helps.