A FOURTH OF THE OIL TANKER FLEET APPROACHES RETIREMENT

(Portos e Navios) About one in four tankers is approaching retirement age. The information is from the UK tanker broker Gibson, who estimates between 20% and 30% the portion of tankers over 15 years old — approaching the retirement age in the coming years.

The number may reflect the formulation of new green regulations by the International Maritime Organization (IMO). In 2023, IMO’s Existing Energy Efficiency Index (EEXI) and Carbon Intensity Indicator (CII) regulations will be implemented. Gibson noted in its weekly report: “As older tankers consume on average about 20-25% more bunker fuel than newer designs, the approaching IMO EEXI and CII rules will only accelerate removal of less complete and less efficient tankers”.

Since December of last year, the prices of newly built oil tankers have risen around 15% to 25%, depending on the sector, also show data from Gibson.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by WordPress.com.

Up ↑

%d bloggers like this: