Alphatanker

Why LR1s And MR1s Have Fallen Out of Favour?

LR1 tankers, which range in size from 60,000 to 84,999 dwt, and MR1s (34,000 to 40,999 dwt) are fading away. Among the most popular clean petroleum product tankers 15 years ago, the two tanker segments are now ageing fast with a scant orderbook and little appetite to contract new vessels, says an article published in splash247.

Report From Alphatanker

A new report from Alphatanker shows there are just five LR1s and two MR1s on order, which equates to around 1% of each fleet respectively.

“Going...

https://mfame.guru/why-lr1s-and-mr1s-have-fallen-out-of-favour/

Tanker Newbuilding Deliveries Fall to 6-year Low in Bearish Markets

  • Alphatanker predicts 25 tankers in this year’s orderbook will be delayed to 2021.
  • Absolute tanker deliveries are likely to total just 171 ships this year, the lowest level since 2014.
  • Some 12.6% of this year’s deliveries are expected to be delayed, up from 8.6% last year.

Based on Alphatanker estimate, the number of tankers added to the global fleet has dropped to the lowest level in six years in 2020, reports Ship & Bunker.

Tanker deliveries drop

Absolute tanker deliveries are likely to total...

https://mfame.guru/tanker-newbuilding-deliveries-fall-to-6-year-low-in-bearish-markets/