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Tanker sector facing looming shortage, warns Gibson

Newbuilding supply is nowhere close to offsetting the number of vessels at, or approaching, their natural retirement age over the next four to five years

Year-to-date orders for aframaxes and long range twos are at their highest since 2017. There have also been a few orders for handy size and long range one tankers, following years of marginal to non-existent investment, Gibson noted

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