Page 95: of Maritime Reporter Magazine (June 1993)

The Tanker Market

Having to contend with an aging fleet, stricter environ- mental legislation, including both OPA 90 and MARPOL 73/78, as well as closer scru- tiny by charterers, classifica- tion societies and insurers, the demand for tanker tonnage is expected to rise through the 1990's.

This demand will not only encompass the single- and

Tanker Scrapping by Country

Pakistan IfmtM •'"If

Bangladesh 1982Total: 13.1 rriMondwt

OSmtM double-hull petroleum-carry- ing types, but also both LNG and LPG types.

Landmark contracts, such as the approximately $1 billion deal between Kvaerner Masa-

Yards and Abu Dhabi National

Oil for four LNG tankers (see page 19, this issue, for further details) are just starting to roll in.

A breakdown of oil tankers completed during 1992, and possible indicator of future business, shows that Japan, not surprisingly, built the most with 141 tankers completed representing more than 4.6 million gross tons. Rounding out the top five, by gross tons completed, were: South Korea, 33 vessels, 2.5 million gross tons; Spain, seven vessels, 330,320 gross tons; Croatia, four vessels, 236,547 gross tons; and China, Republic of (Taiwan), three vessels, 212,399 gross tons. (Source:

Lloyd's Register)

The charts on the ensuing pages illustrate the current world order book for all tanker types.

Existing Tanker Fleet by Year of Build

Million dwt 40

Abova 200,000 dwt 100-200,000 dwt 50-100,000 dwt •10-50,000 dwt

For

Delivery pre-68 7072 74 76 7880 82 848688909294

INTERTANKO 96 Maritime Reporter/Engineering News