TANKER orders have surged in the early months of 2024, with 104 new tankers added to the global orderbook compared to 79 during the same period last year, marking a year-on-year increase of 32 per cent, reports Hellenic Shipping News Worldwide.
Values for tanker newbuildings have also risen across all subsectors.
LR2s of 115,000 DWT experienced the most significant jump, increasing 7.31 per cent from the beginning of the year, climbing from US$69.11 million to $74.16 million.
Values for this sector continued their upward trend, reaching levels not seen since 2008.
Most tankers ordered this year belong to the MR sector, comprising 37 per cent of all orders, followed by VLCCs at around 31 per cent, Suezmaxes at roughly 19 per cent, and LR2s at 12 per cent.
Aframaxes accounted for one per cent of orders placed this year, with no LR1 orders reported.
Chinese shipyards secured over half of these orders, capturing 57 per cent of the market, while South Korea ranks second with a share of 36 per cent, and Vietnam ranks third with six per cent.
Japan accounts for one per cent of tanker orders placed in 2024.
Greek buyers have been particularly active in ordering tankers this year, with 28 orders placed, primarily in the Suezmax sector.
Indonesia's Pertamina follows closely behind, with 15 MR tankers ordered in January, scheduled for construction at Hyundai Mipo, and delivery in 2026.
Bermuda ranks third, placing a total of eight orders.
SeaNews Turkey
Values for tanker newbuildings have also risen across all subsectors.
LR2s of 115,000 DWT experienced the most significant jump, increasing 7.31 per cent from the beginning of the year, climbing from US$69.11 million to $74.16 million.
Values for this sector continued their upward trend, reaching levels not seen since 2008.
Most tankers ordered this year belong to the MR sector, comprising 37 per cent of all orders, followed by VLCCs at around 31 per cent, Suezmaxes at roughly 19 per cent, and LR2s at 12 per cent.
Aframaxes accounted for one per cent of orders placed this year, with no LR1 orders reported.
Chinese shipyards secured over half of these orders, capturing 57 per cent of the market, while South Korea ranks second with a share of 36 per cent, and Vietnam ranks third with six per cent.
Japan accounts for one per cent of tanker orders placed in 2024.
Greek buyers have been particularly active in ordering tankers this year, with 28 orders placed, primarily in the Suezmax sector.
Indonesia's Pertamina follows closely behind, with 15 MR tankers ordered in January, scheduled for construction at Hyundai Mipo, and delivery in 2026.
Bermuda ranks third, placing a total of eight orders.
SeaNews Turkey
