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Tuesday, October 23, 2018

Why the increase in Suez transits for tankers below 50,000 dwt?

The number of small tankers below 50,000 dwt transiting the Suez Canal laden northbound has averaged 66 passages (between 51 and 77) per month since 2000. In August 2004 it jumped to an average of 84 passages and has averaged 89 passages in the period August 2004 - January 2005 with a maximum in January of 102 passages, the highest we have recorded for this segment. The total number of transits in December (159) and in January were also the highest monthly totals we have recorded.

For tankers 50,000–100,000 dwt the number of transits in December also hit a record high (97). The average number of transits per month for this segment increased from 15 in 2003 to 21 in 2004. The number of VLCC transits also showed a marked increase over the 2003 figure, up by 16 to 168 transits in 2004.

With regard to southbound VLCC transits in ballast the average number per month declined from 20 in 2004 to 16 in 2004 and the number in January 2004 was 14 transits. Going back to 1991/1992 the average number of southbound VLCC transits in ballast was 40. This reflects the fact that Europe is now taking much less oil from the Middle East.

If any reader has any further information or insight into the changing pattern of tanker traffic through the Suez Canal, particularly for tankers below 50,000 dwt, then please let us know.

Contact:Erik Ranheim