The new International Maritime Organization emissions regulations kicking in next year will hold down tanker supply enough to outpace fleet growth, a Bimco analysis says.

The industry group’s chief shipping analyst, Niels Rasmussen, said the impact of the Energy Efficient Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII), plus shipping’s inclusion in the European Union emissions trading system (ETS) will whittle away between 4.5% and 5% of the global tanker fleet’s effective capacity.