Study examines phaseout of single-hull VLCC tankers

Current newbuilding orders for VLCCs will increase the size of the fleet through at least 2009. Many vessels will have to be ordered for delivery between 2010 and 2015, however, to compensate for required phaseouts, according to Poten & Partners, an international energy and ocean transportation brokerage and consulting firm based in New York. Click here to enlarge imageThe VLCC fleet size has been static during the past 10 years (Fig. 1). The stable fleet size results from annual scrapping activity being roughly equal to newbuild deliveries until 2004, when scrapping activity declined significantly (Fig. 2). Click here to enlarge imageEven though the VLCC fleet has stagnated numeric...

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