Oslo-listed Okeanis Eco Tankers has made its case for a tightening market in 2022, as it called the low newbuilding orderbook "perhaps the most bullish in tanker history".

The Greek shipowner, controlled by the Alafouzos family, pegged the level of VLCCs on order at 7% of the world fleet, the lowest since the mid-1990s.

And it pointed out that there is a high scrapping potential, with about 30% of VLCCs and suezmaxes over 15 years old.