Product tank orderbook stands at 11 percent

The total orderbook for product tank stands at 11 percent of the fleet, and all the major shipyards are filled till 2015, writes analysts Fearnley.

The upswing in product tank is supported by a new study from analysts Fearnley. The analysts conclude that the total orderbook for product tank now stands at 11 percent, which means that all the major yards are fully booked for product tank ahead of 2015, and till 2016 for Japanese yards, writes Fearnley, which estimates that demand will exceed the supply of capacity from 2013 and onwards:

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