Tanker order book still at high level

The orderbook for tankers above 10,000 dwt is still at a very high level. As of end July 2002, 629 tankers of 62.8 million dwt are on order which, in number terms, is the highest level since the mid-1970s. In dwt terms the orderbook was higher in August 2001 when 65.5 million dwt was on order. It is only the Suezmax (68 tankers of 10.7 million dwt) and VLCC (72 tankers of 22.2 million dwt) orderbooks that have been reduced so far in 2002.

The orderbook development in the period 1994 to 2002 can be viewed at: http://www.intertanko.com/pubupload/Orderbook.xls