Expected tanker newbuilding deliveries, possible further ordering and low scrapping numbers will likely result in a renewal peak for this sector in two to three years time, according to Affinity (Shipping).
Speaking at a London International Shipping Week seminar at the Institute of Chartered Shipbrokers Affinity Research managing partner Mark Williams said: “At some point around 2019-2020 we are going to see a huge boom in fleet renewal in the tanker markets.”
