Athenian Victory, a 318,000-dwt GL-classed VLCC built by Hyundai Heavy, image via GL Group
Jan. 18 (Bloomberg) — The total number of new vessels joining the global fleet this year is expected to be as much as 220, about the same as 2012 deliveries, according to London-based shipbroker E.A. Gibson.
As many as 40 very large crude carriers are expected to join the fleet in 2013, down from 49 deliveries last year, Gibson said in an e-mailed report today. As many as 90 medium-range tankers will be delivered this year, up from 61 in 2012, as orders for new ships increased during the last 18 months, according to Gibson.
The influx of new oil tankers entering the global fleet declined 24 percent last year as 215 new tankers were delivered, down from 282 in 2011, Gibson said. About 60 VLCCs and 90 Medium Range tankers joined the fleet in 2011, the shipbroker said. A VLCC can haul 2 million barrels of crude. A Medium Range tanker is able to ship about 315,000 barrels of refined oil-product, including gasoline and diesel.
The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.
China’s widening trade surplus with the European Union is fueling fresh concerns that the 27-nation bloc risks becoming a dumping ground for cheap goods in the volatile tariff confrontation between Washington and Beijing.
May 15, 2025
Total Views: 505
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 109,070 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 109,070 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.