Crude tanker fleet growth forecast to accelerate
Lloyd’s List Intelligence forecasts crude fleet will increase by 23% in dwt terms over the next five years, while confidence remains strong in the LNG segment, with 50% growth predicted through to 2024
A huge orderbook and a young average age of vessels will drive an increase in the size of the crude tanker fleet through to 2024. But future prospects for new crude oil carrier contracts are subdued, according to Lloyd’s List Intelligence
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