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Tuesday, October 16, 2018

Tanker fleet shows modest increase in 2002

The fleet declined in 2001 after a substantial increase in 2000. Interestingly the tanker fleet has remained in the region of 3,540 to 3,580 tankers since end 1998, although there have been many changes in the individual fleet segments.

The smaller end of the fleet, 10,000-60,000 dwt, increased to 1,982 tankers (60.4 m dwt) end 2002 or by 0.4% (0.33% dwt terms). This part of the fleet has had a net increase of 105 tankers since end 1998.

The Panamax segment, 60,000-80,000 dwt, declined in 2002 to 212 tankers (14.5 m dwt) or down 4% (-0.4% dwt terms). The Panamax tanker fleet has had a net increase of 10 tankers since end 1998.

The Aframax segment, 80,000-120,000 dwt, increased to 553 ships (53.7 m dwt) or by 4.9% (5.8% dwt terms, meaning that larger ships replaced smaller). The Aframax fleet has had a net increase of 56 tankers since end 1998.

The Suezmax segment, 120,000-200,000 dwt, increased to 284 ships (41.8 m dwt) or by 4.9% (5.7% dwt terms, meaning that larger ships replaced smaller). The Suezmax fleet has had a net decline of 3 tankers since end 1998.

The U/VLCC fleet (200,000 dwt and above) marginally declined to 427 ships (124.8 m dwt) or down 0.2% (-0.6% dwt terms, due to ULCCs having been replaced by VLCCs in some cases). The U/VLCC fleet has had a net decline of 4 ships since end 1998.

The combined carrier fleet continued to decline in 2002 by 16 such ships to 120 units (12 m dwt) or by 13.3% (-13.3% also in dwt terms). The combined carrier fleet has had a net reduction of 38 ships since end 1998. Ten years ago it stood at 277 ships or 31.8 million dwt.

This development in tables and graphs can be viewed here