Shipbroker Galbraiths forecasts that upcoming efficiency and emissions standards for existing ships will likely have an impact on the supply of tonnage in the tanker and bulker markets.

The pressure on supply is likely to result from lower average operating speeds and possibly increased demolition as the result of the Energy Efficiency Existing Ship Index (EEXI).

Under the new International Maritime Organization standards, vessels will have to comply with new efficiency and emissions standards that are around a 15% to 20% improvement on historic standards set out in a 2008 baseline.