Newbuild Supertanker Orders Hit Record High, Surpassing 2008 Peak
The world’s shipowners have placed orders for a record number of new oil supertankers, surpassing a boom back in 2008 that ultimately led to a glut and a collapse in rates.
Following in the recent footsteps of the containership industry and their newly formed, G6 Alliance, the crude tanker industry is consolidating their assets by creating a “VLCC pool” named Nova Tankers that according to their press release will “offer relevant vessels of the highest standard to cater for our customers’ need for safe and environmentally friendly marine transportation.”
The VLCC Pool will operate a combined fleet of around 50 quality VLCCs by the end of 2012 with an average age of only 3 years and consists of ships from the following shipowners, MITSUI O.S.K. LINES, LTD. / PHOENIX TANKERS PTE. LTD., A.P. MØLLER – MÆRSK A/S (Maersk Tankers), SAMCO SHIPHOLDING PTE. LTD., and OCEAN TANKERS (PTE.) LTD., SINGAPORE.
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