Tanker newbuilding orders pile up as shipowners bank on long-term boom

Mid-size crude carriers and product tankers lead the way as Russian reshuffle and new refineries entice owners

Maritime Strategies International's oil and tanker director Tim Smith has upgraded fleet growth for tankers after a flurry of late orders in 2023. — Maritime Strategies International's oil and tanker director Tim Smith has upgraded fleet growth for tankers after a flurry of late orders in 2023.Photo: MSI

Paul Peachey

London

Published 4 January 2024, 01:11Updated 4 January 2024, 12:07

Crude tankers Product tankers Oil MSI Horizon Tim Smith