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International Tankers and Gas Ship Recycling

Tanker sector facing looming shortage, warns Gibson

Newbuilding supply is nowhere close to offsetting the number of vessels at, or approaching, their natural retirement age over the next four to five years

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Year-to-date orders for aframaxes and long range twos are at their highest since 2017. There have also been a few orders for handy size and long range one tankers, following years of marginal to non-existent investment, Gibson noted

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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