Investment Headache
Tanker investments these days are not a straightforward decision. A prospective buyer is faced with a combination of price pressure, regulatory uncertainties, long term demand concerns and limited near term yard availability, all of which are making ordering newbuild tankers a complex undertaking. Thus far 2022 tanker orders have been limited. Between 2022 and 2023 59 VLCCs and 35 Suezmaxes are scheduled for delivery (90% of the current tanker order book). This will leave only 5% of outstanding VLCC and Suezmax orders for delivery past 2023. It is unlikely deliveries in 2023/2024 will increase beyond already scheduled deliveries as yard availability for larger tankers classes has been mostly booked up.
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The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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