Drewry Predicts Growing Demand For Larger Products Carriers

London-based Drewry Shipping Consultants Ltd. foresees a 40-percent increase in the refined oil products trade, from 250 million metric tons in 1985 to 350 million metric tons by 1990. This would raise demand for products tankers by 7 million dwt, the report states.

The principal growth in the trade will be between refiners in the Middle East and North Africa, and importers in Northern Europe and on the U.S. East Coast. This changing trade pattern will find larger products carriers sailing on these routes, as the bigger ships are more economical for the long- and mediumhaul products trades. Tankers of about 80,000 dwt will become more common, Drewry said.

The most popular size for products tankers has been about 30,000 dwt; 50 percent of the total world products tanker fleet of 38,744,000 dwt are carriers in the 25,000 to 40,000 dwt range. At the end of June this year, vessels in the 65,000 to 90,000 dwt range accounted for 26 percent of the world orderbook. In 1982, only six percent of products tankers on order were in this range.

Maritime Reporter Magazine, page 35, Oct 1986

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