Single Hull Tankers, What’s The Trick?

By Urs M Dür

I t is commonly known that the age of the single hull tanker will end as the remaining fleet is phased out by different regulatory regimes over the coming years. This is basically inevitable. Largely, the tonnage is not viable, largely for liability reasons, for most major owners and charterers over the longterm.

Still there are a large number of single hulls still trading with major charterers and making good money, especially in strong spot markets. Hence we have seen some single hulls trading hands into those who feel there is still money to be made with the design.

In this piece we will take a look at the returns available, the dynamics required to purchase such tonnage, and who is willing to finance the tonnage. We will not speculate, however, on the development of the regulatory regimes or the design of vessels as that is a discussion that is for another two articles all together.

This is only an excerpt of Single Hull Tankers, What’s The Trick?

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