Tanker ordering activity has increased significantly in 2023, with the Aframax/LR2 segment leading the way, according to shipbroker Gibson. While the Handy/MR and Suezmax categories have also seen robust investment, the LR1/Panamaxes and VLCCs face a stark gap between orders and aging tankers. The report suggests that despite the recent surge in ordering, it may not be enough to offset the growing mountain of aging tonnage, which could become a challenge when alternative demands for older tankers decline. The shipbroker notes that owners might find it more economical to upgrade existing tonnage rather than invest in new vessels.

SOURCE: GOOGLE