Product tanker newbuilding contracting drops 86% to nine-year low
Product tanker newbuilding contracting drops 86% to nine-year low Summary Between January and August 2025 product tanker newbuilding contracting dropped 86% year-on-year to 2.6 million deadweight tonnes (DWT), a nine-year low, according to BIMCO. The order book — which peaked at 42.2 million DWT in November 2024 — has since shrunk by 12% to 37.2 […]