Global fleet of crude and product tankers grew only modestly in 2021

Number of crude and product tanker ships saw a net increase by 2.7 percent in 2021, as the largest number of tankers left the market since 2018, show numbers from shipbroker Simpson Spence Young.

Photo: PR / BW Group

The weak oil market last year had its impact on the fleet growth within crude and product tankers, show data from shipbroker Simpson Spence Young.

Last year, the global fleet of crude and product tankers saw net growth of only 2.7 percent measured in deadweight tonnes (dwt) compared to a net growth of 3.2 percent and 5.7 percent in 2020 and 2019 respectively.

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