An increasing number of older MRs or handysize tankers are set to leave the mainstream fleet for coastal trades over the next few years, according to Braemar.
Growing volumes on the trades as they recover from a Covid-induced hit as well as an ageing fleet will be the main drivers, said Anoop Singh, Braemar’s head of tanker research.
More than 50 MR or handysize tankers are dedicated to moving crude oil and products in intra-country, mostly in cabotage trades.
