According to Gibson Shipbrokers, 2018 may be a very busy year, perhaps the busiest since 2010 when it comes to deliveries. For 2018, 40 million dwt of crude and product tankers (over 25,000 dwt) are expected to be delivered, compared to the 35.5 million of 2017.
U.S. crude production is expected to average 775,000 b/d higher for this 2018. Also, there’s a growth expected from Kazakhstan, Brazil, and Libya, according to the Shipbroker.
“Given the anticipated fundamentals for 2018, delivery delays are expected to remain a feature, and for the crude sector in particular, and could increase relative to 2017. However, the same fundamentals are likely to encourage scrapping activity; which, when coupled with slippage, could help offset some of the supply growth for 2018,”