The upgrading of aging tankers is speeding up, and the price of new shipbuilding is generally rising
$YZJ Shipbldg SGD(BS6.SG$ Tanker orders surged in the first few months of 2024 as global shipowners seek to renew their aging fleets and add new vessels that meet the latest environmental regulations. According to the latest data from Veson Nautical, up to 2024, global oil tanker orders have increased from 79 ships in the same period last year to 104, an increase of about 32% over the previous year. New shipbuilding prices have risen in all market segments of the tanker industry. The value of the 115,000-DWT LR2 tanker increased the most, from 69.11 million US dollars at the beginning of the year to 74.16 million US dollars, an increase of about 7.31%. The value of this market segment maintained an upward trend and hovered at the highest level since 2008.
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