The recent spate of MR tanker orders does not yet appear sufficient to replace elderly vessels, according to UK shipbroker Gibson.
The London shop said the “workhorse” product carrier fleet is “ageing fast”, with ships dating from between 15 and 19 years ago making up nearly 30% of the total.
“This raises concerns that a substantial number of tankers will soon exceed 20 years of age, limiting their trading capabilities in regions where they typically operate,” Gibson added.
