The Jones Act fleet of 94 vessels is expected to lessen by seven ships through 2022, thanks to escalated scrapping activity, Arctic Securities analysts say.
Product tankers should move up to 50 vessels from 48 ships this year while articulated tug barges (ATB) are expected to drop to 37 from 46, Andreas Wikborg and Jo Ringheim said.
"Considering the age distribution of the fleet, it's quite clear that we'll likely see an uptick in scrapping activity going forward," they wrote in a note to clients.
