VOL. XXXVI

NO. 23

8-MARCH-1993

The Ageing World Tanker Fleet In 1993

by Kevin Shilleto

Mr. Shilleto, who wrote this article for MEES, is a Director of the Londonshipping consultants Internaft Ltd.

Recent oil spillages at sea have once again pointed to the desperate state ofthe world oil tanker fleet. Its age profile continues to degenerate (see Fig. 1)while such new vessels as are delivered - and 1993 will be a bumper year byrecent standards - are unable to compete with older tonnage in the market....