Tanker Newbuild Contracting to Hit a 10-Year High by 2025
During the first 8 months of 2023, contracting of product tanker newbuilds hit a 10-year high, reaching 140 ships and 10.72 million deadweight tons (DWT). The last time more than 10 million DWT were contracted from January to August was in 2013. Newbuild tanker contracting activity during the past 5 years has been low at about 5.46 million DWT per…
