Carriers

Trafigura head: Crude tanker market affected by aging fleet

Andrea Olivi, Trafigura’s head of wet freight, says the aging fleet needs to be replaced but yards are still busy with other orders. 
Trafigura is responsible for more than 5,000 voyages per year and has an average of 400 vessels in their fleet at any given time, including tankers and bulk carriers, Olivi says. | Photo: Jens Bttner/AP/Ritzau Scanpix
Trafigura is responsible for more than 5,000 voyages per year and has an average of 400 vessels in their fleet at any given time, including tankers and bulk carriers, Olivi says. | Photo: Jens Bttner/AP/Ritzau Scanpix
by NIDAA BAKHSH

The crude oil tanker market is challenged by an aging fleet that needs to be replaced, Trafigura’s head of wet freight Andrea Olivi tells the Reuters news agency. 

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