Oil Products Tanker Deliveries News

Industry concerns over the glut of newbuilding deliveries last year may have been overplayed as the three major shipping market segments - dry bulk, container and tanker - avoided significant oversupply, according to figures released by Braemar Seascope. The London-listed shipbroker compared the orderbook at the end of 2009 with the full-year delivery statistics for 2010. The gap between what was anticipated to deliver and what actually delivered offers an insight into the development of the shipbuilding and freight markets. The difference between the orderbook schedule and actuality in 2010 was a function of technical underperformance at certain shipyards and the fall-out of the credit crunch. Some orders were cancelled while, in many cases, ship owners renegotiated delivery dates.