Newbuilding
Since the beginning of the year, 100 newbuild orders have been placed across the tanker sector. This is a considerable amount lower than the same period last year, when 140 vessels were placed. It is no surprise to see the Greeks lead the way with the highest number and largest vessels ordered, but hot on their heels are the likes of Eastern Pacific and Ocean Tankers, the Singaporean owners ordering the clean trading vessels.
Norwegian companies Hunter Group and Knutsen NYK Offshore buy few but spend a lot. Combined, they have spent close to half a billion dollars on only five vessels, ordering three VLCCs for $93.6 million each and two Suezmax shuttle tankers for $105 million each.
Demolition
The demolition market for tankers has slowed down with only 30 deals done year to date compared to 105 for the same time last year. Noticeably, the larger tonnage has taken a step back in terms of demolition deals with a high number of smaller units going for scrap over the past 12 months. Demolition rates have remained high and steady with Bangladesh taking the majority of tonnage.
Source:Vessels Value
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
Please Contact Us at：
admin@xindemarine.com
