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How many oil tankers are affected by the phase-out in regulation 13G?

April 26, 2017affected Oil phase-out regulation tankers

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How many oil tankers are affected by the phase-out in regulation 13G?

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It is hard to give an exact figure as the number of oil tankers currently in operation needs to be considered. Oil tankers may be taken out of service for many different reasons or may be laid up at any specific time. There are some figures available. According to figures produced by SSY Research, reported in Tradewinds (15.10.04), there are 173 single-hull tankers of over 200,000 DWT in existence, out of a total VLCC and ULCC fleet of 455 vessels. The single-hull VLCC fleet comprises a combined 46.8 million DWT, of the world VLCC and ULCC fleet total of 131.4 million DWT. There are still 14 vessels of pre-1980s vintage and 10 built between 1980 and 1984. After that the numbers increase, with 42 ships of 10.75 million DWT built in the period from 1985 to 1989.