Product tanker market-III: A lot of vessels to go off the market
Mar 07: Average age of MR2 fleet is 9.7 years 8As many as 95 MR2 vessels (5.8%) are 20 years old or more 8There was less than 1% scrapping in 2017 8Sizeable portion of the fleet is approaching end of its useful life - future supply will affect replacement ability 8New environmental regulations should drive more scrapping Click on Reports for more