Vantage flags 2028-2029 tanker delivery wall as downside risk to freight rates

Reuters2026/08/17 09:56

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Vantage Corp analysis flagged a concentrated tanker delivery wave in 2028-2029, raising downside risk to freight rates and residual values.
Estimated 400 vessels ordered January-July 2026 expected to deliver mainly in 2028-2029, compressing supply growth into two years.
Reworked data on 136 disclosed contracts showed 199 deliveries in 2028, 193 in 2029, versus 20 in 2027.
Fleet renewal lagged as average tanker age hit 14.3 years in January 2026, with more than 1,440 vessels over 21 years.
Report warned a scrapping backlog could hit with new deliveries, pressuring recycling prices as regulation tightens under the IMO Net-Zero Framework.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vantage Corp. published the original content used to generate this news brief on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Vantage flags 2028-2029 tanker delivery wall as downside risk to freight rates

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