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Saturday, December 16, 2017

Overall DH fleet share 69% - major flags DH fleet share from 45% to 87%

The double hull (DH) tanker’s share of the world tanker fleet is increasing all the time with new deliveries.  Sales for recycling, in the current firm tanker freight markets, have been less than 2m dwt so far this year, and this is therefore making less of a contribution to reducing the single hull share. 

It is interesting to note that the major flags that are at the lower end of the DH scale - Singapore with 45% DH and Liberia with 55%  DH  - happen to be  among those flag  administrations that  may allow single hull tankers  to trade beyond 2010 subject to their satisfying rigorous quality and construction criteria.  Panama and Japan are among  those flags that are around the scale average with 69%, and are also among those that are allowing single hulls to extend past 2010 (subject to the same criteria).

In contrast, of the 14 large and small flags at the upper end of the scale (above 80% DH), more than half are European, and the major flags include Marshall Islands, Bahamas and Greece, all of which are applying 2010 single-hull phase-out as per MARPOL 13G and 13H - with the exception of the Marshall Islands which  may allow extensions (there is always one exception that tests the rule!). Of the major flags’ tanker fleets (i.e. those of 15m dwt and above):

  • At the lower end of the DH scale Singapore (27.6m dwt) has 45% DH, while Liberia (50m dwt) has 55%.
  • Panama (58.2m dwt) is on the average with 69% DH (as also is Japan’s 3.3m dwt).
  • At the higher end of the scale Bahamas (26m dwt) and Marshall Islands (32.7m dwt) are both above average with 84% DH. Greece (32m dwt) is showing an impressive 87% DH while Cyprus (6.2m dwt) is showing 94%.
  • The Danish International Register (2.8m dwt), Isle of Man (8.6m dwt) and Belgium (3m dwt), all have virtually 100% DH. 
  • The small flags with tanker tonnage of below one million dwt have on average 53% share double hulls for a total tanker tonnage of 2.8m dwt.

Tankers above 5,000 dwt by flag and hull

Flag

DH

DB/DS

SH

No info

dwt

Indonesia

1.4%

4.1%

87.2%

7.2%

1,278,919

Taiwan, China

5.6%

0.4%

94.0%

0.0%

1,539,723

Korea (South)

24.9%

7.0%

54.3%

13.8%

1,130,043

Kuwait

42.6%

0.0%

57.4%

0.0%

3,352,415

Singapore

45.2%

12.2%

41.3%

1.3%

27,632,587

Russia

45.4%

13.2%

32.0%

9.4%

1,550,680

India

46.6%

18.2%

20.4%

14.9%

8,189,008

Brazil

49.6%

12.6%

37.9%

0.0%

1,994,633

United States

49.9%

31.4%

17.3%

1.4%

5,255,553

Bermuda

53.4%

0.0%

46.6%

0.0%

2,054,289

Unknown

54.9%

6.1%

20.5%

18.5%

1,532,837

Liberia

55.2%

11.1%

32.2%

1.5%

50,054,767

Hong Kong

55.4%

2.2%

42.3%

0.1%

11,475,608

China

58.2%

7.8%

30.0%

4.0%

7,050,547

Malta

64.3%

10.0%

24.5%

1.2%

12,687,764

Japan

69.0%

0.5%

30.1%

0.5%

3,341,109

Panama

69.5%

3.9%

24.5%

2.1%

58,244,938

Malaysia

75.9%

5.1%

17.8%

1.2%

4,001,934

Norwegian International Register

77.4%

11.3%

7.7%

3.6%

8,373,235

Cayman Islands

82.1%

11.7%

6.2%

0.0%

1,444,284

Marshall Islands

83.6%

7.0%

8.9%

0.5%

32,710,736

Bahamas

83.8%

6.1%

10.1%

0.0%

26,237,355

United Kingdom

86.1%

4.5%

8.2%

1.2%

1,546,357

Turkey

86.1%

3.5%

6.4%

4.0%

1,330,120

Greece

86.9%

2.6%

9.7%

0.8%

31,982,239

Italy

90.1%

6.3%

2.6%

1.0%

5,367,540

Kerguelen Islands

92.9%

0.0%

6.4%

0.7%

4,460,933

Norway

94.0%

6.0%

0.0%

0.0%

2,157,596

Cyprus

94.1%

2.5%

3.4%

0.0%

6,234,484

Iran

96.4%

1.3%

2.3%

0.0%

6,153,047

Danish International Register

99.6%

0.4%

0.0%

0.0%

2,845,430

Isle of Man

99.7%

0.3%

0.0%

0.0%

8,644,604

Belgium

100.0%

0.0%

0.0%

0.0%

3,019,900

Others

53%

2%

44%

1%

2,821,243

Total

69.0%

7.1%

22.2%

1.7%

363,061,254

Based on the LRFairplay database.

Contact: Erik Ranheim