Shipbuilding Orders for Product Tankers Increase Dramatically in 2023

After a prolonged drought in the order of new tankers and particularly product tankers, BIMCO is reporting a strong spike in orders for new product tankers in the first half of 2023. The trade group calculates that more product tankers have been ordered in the first half of 2023 versus the total orders for 2022. This includes the first orders in the smaller LR1 category in five years.

View entirety: The Maritime Executive