What's in Store for Tanker Supply?
March 8, 2017
Tanker tonnage supply has been a topic of interest recently, with many market participants eager to know when the fleet may experience a slim down. Vessel exits have been limited over the past few years, falling to a low of less than 30 in 2015. This slowdown has occurred during a time when the pace of newbuilding deliveries has been elevated, averaging 230 new ships per year since 2010. This imbalance has caused the global fleet count to swell to over 4,700 ships in 2017, up 28% from 2010.
The question now is, will there be an increase in tanker exits this year? Watch the latest episode of McQuilling TV to learn more about McQuilling Services' supply outlook for 2017.