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Tank ship orders headed toward five-year record

The purchasing interest on the tank market for the segment from 27,500 dwt and above is so massive that 2013 looks set to become the most active year for newbuildings since 2008. The first half of the year already surpassed 2012 as a whole, according to McQuilling.

American analysts McQuilling compares shipowners' interest in ordering tankers to women shopping on Fifth Avenue in New York: It takes a great deal to put a damper on the desire to shop, and one could in fact say that even though a financial crisis is raging, the shopping continues at full force.

2013 is already well on the way to breaking the the record from 2010, where a massive amount of tanker tonnage was ordered, with approximately 200 ships of more than 27,500 dwt. This year, 165 orders have already been placed, more than in 2012 as a whole, where a total of 158 ships were ordered. One has to go all the way back to 2008 to find a higher amount of orders placed at the shipyards, when more than 300 ships were ordered in one year.

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