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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
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