The “compelling” tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers.
The tanker sector has one of the lowest extant fleet to orderbook ratios, and a minuscule delivery schedule.
According to data from Greece’s Xclusiv Shipbrokers tanker fleet growth will be just 0.02% in 2024, 1.7% next year and 1.8% in 2026.
“The de minimis tanker orderbook sure does look compelling for the coming years as there is no slack in those markets to deal with disruption, demand growth, or even seasonality,” states a new report penned by Jonathan Chappell, a shipping analyst at Evercore ISI, an investment bank.
