We’re supposed to be weaning ourselves off oil, right? So why has tanker newbuild contracting been soaring? BIMCO shipping analyst Filipe Gouveia has some answers.
“In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers – VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders for this ship type during all of 2023,” says Gouveia.
Since the start of the war in Ukraine,...
https://www.marinelog.com/legal/shipping/bimco-crude-tanker-newbuild-contracting-jumps-490/