Tanker fleet growth shrank to its lowest level in three years in 2021 to just 2%, according to full-year data from a top shipbroker.
“In 2021 tanker fleet deliveries were almost 26m dwt, with demolitions reaching 12.8m dwt, pushing net fleet growth to 2%, the lowest levels seen since 2018,” said Galbraiths.
The shipbroker said this level of growth and strong demolitions did not come as a surprise in an environment of low freight earnings and sluggish crude oil demand.
