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Wednesday, October 17, 2018

Tanker sales for decommissioning pass 10 mil dwt

So far in 2003, INTERTANKO has recorded 116 tankers of 10.7 m dwt sold for decommissioning:
  • 26 tankers smaller than 20,000 of 0.3 mil dwt, average age 31.3 years
  • 35 tankers 20-50,000 dwt of 1.1 mil dwt, average age 28.5 years,
  • 28 tankers of 2.1 mil dwt 50-120,000 dwt, average age 26.2 years,
  • 8 Suezmaxes of 1.1 mil dwt, average age 25.4 years, and
  • 19 VLCCs tankers of 6.1 mil dwt, average age 27.9 years.

China was the largest receiver with 4.9 m dwt, the demolition sites in Bangladesh took 2.4 m dwt and India 2.16 m dwt - the balance was mainly unspecified. The steel-weight of the ships amounted to some 1.8 m ts and the value of the sales some USD 360 m.