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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