The number of products tankers on order at shipyards currently totals close to 350, according to data presented by Henry Curra, global head of research at Braemar ACM, at the Marine Money conference in Singapore.

“The products tanker market has become one of the most overordered sectors in the tanker industry,” he said.

Of the total, around 250 are medium-range (MR) products tankers, with around 80 predominantly long-range-two (LR2) units and long-range-one (LR1) vessels accounting for close to 20.

The