Page 8: of Maritime Reporter Magazine (September 2022)

The Marine Design Edition

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By the Numbers

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The Tanker Market

As always, the hallmark of the tanker market are severe peaks and valleys.

Tanker Age Pro? le

Age Group # of Vessels Total Value ($)

On Order 649 27,858 0 - 5 2,074 84,625 5 - 10 2,152 66,415 10 - 15 3,631 66,117 15 - 20 2,632 34,359 20 - 25 1,011 8,706 25 - 30 690 1,996 30 - 35 495 808 35 - 40 314 432 40 - 45 224 301 45 - 50 153 175 50+ 182 208

Grand Total 14,207 292,000

Top 10 Owners

Company # of Vessels Total Value ($)

COSCO Shipping Energy

Transportation 136 5,152

ICBC Financial Leasing 95 4,979

AET 57 4,704

Bank of Communications

Financial Leasing 110 4,689

Euronav 65 4,243

Maran Tankers 57 4,138

Frontline Ltd 58 3,799

China VLCC 50 3,474

Sinokor 61 3,174

Bahri 56 2,974

Grand Total 745 41,325

Second Hand Market

Sale # of Vessels Total Spent ($)

Jan 46 1,311

Feb 37 749

Mar 26 956

Apr 22 371

May 28 504

Jun 47 617

Jul 27 324

Aug 29 477

Sep 46 858

Oct 84 1,100

Nov 46 679

Dec 55 1,241

Jan 52 1,178

Feb 35 683

Mar 70 1,364

Apr 79 1,648

May 49 1,355

Jun 37 887

Jul 38 694

Aug 27 503

Sep 35 489

Oct 54 1,194

Nov 46 810

Dec 52 1,136

Jan 58 1,172

Feb 48 927

Mar 68 1,894

Apr 59 1,358

May 61 1,113 2022 2021 2020

Jun 60 1,648

Jul 64 1,512

Grand Total 1,485 30,750 8 Maritime Reporter & Engineering News • September 2022

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.