Maersk Tankers warns against newbuildings hysteria

More than a third of the current global tanker fleet is just 0 – 5 years old. Therefore, it will be far more economical to upgrade the existing fleet instead of ordering new ships, which cannot pay for themselves, warns CEO of Maersk Tankers, Hanne B. Sørensen.

Photo: Maersk Tankers

CEO of Maersk Tankers, Hanne B. Sørensen, is worried at the prospect of orders for new tanker ships on the grounds that newbuildings can deliver huge fuel savings and pay for themselves on the strength of greater efficiency.    

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