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Tankers and Gas Shipbuilding Sale and Purchase

Structural shortage fuels latest wave of suezmax and VLCC newbuilding orders

  • A surge in new orders for suezmax and VLCC crude tankers is being driven primarily by a structural shortage of compliant tonnage, rather than near-term freight market strength
  • Since October 2025, owners have ordered 115 crude tankers, comprising 40 suezmaxes and 75 VLCCs, reflecting renewed confidence in the longer-term outlook for oil transportation
  • Most newbuildings are speculative and are scheduled for delivery in 2028 and 2029

  • Analysis

China is especially benefiting from the surge in orders for new crude oil tankers having won 60% of all new ships ordered since the fourth quarter of last year

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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