The global merchant fleet is getting older and older

Newbuilds can lower the average age of container ships and LNG tankers, but otherwise, the world’s merchant fleet is becoming older on average than it has been for many years.

The export of sanction-affected Russian oil keeps old tankers alive that would otherwise have been scrapped. | Photo: AP/Ritzau Scanpix

by JENS THOMSEN

The average age of ships in the global merchant fleet reached 13.7 years last December, the highest average age since 2009, reports Financial Times, citing brokerage and research firm Clarksons,

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