<National Petroleum Council Report Based on API Call and Report ReviewThe Oil DrumDrumBeat: July 22, 2007>

165 comments on The National Petroleum Council Report

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memmel on July 18, 2007 - 1:45pm Permalink | Subthread | Parent | Comments top

I've read a few times that we are in the middle of phasing out single hull tankers for all double hull not sure what the status is of this. But in the interim you would have a tanker glut.

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PeakTO on July 18, 2007 - 1:48pm Permalink | Subthread | Parent | Comments top

But those would have been scheduled replacements, and then there is NEW capacity.

If they accelerate the replacement/retire of older fleet with NEW capacity, still leaves deliveries of tankers on the books that are not needed...so will still lead to a crunch in shipbuilding in the near future.

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