Quarter of elderly aframax tankers deployed in sanctioned trades

By : Michelle Wiese Bockmann

A QUARTER of all aframax tankers more than 20 years old are deployed in Venezuelan and Iranian trades, analysis from Braemar ACM shows. The vessels were thought to be involved in the sanctioned shipments because they do not have their Automatic Identification System on, according to the shipbroker’s weekly report. Aframax and long range two tankers are one of the most rapidly ageing sectors within the global tanker fleet, data shows. Some 78, or 8%, are above 20 years of age. At least double that number are aged between 16 and 19 years.

The 2013 built 157638 t DWT DELTA MARINER departing from Singapore Eastern Anchorage heading for Suez

The analysis from Braemar underscores the popularity of older tankers for sanctioned trading over the past two years and is one reason why so few have been removed from the fleet for either floating storage or scrapping.
The sale and subsequent deployment of aframax, suezmax and very large crude carriers for shipping Iranian and Venezuelan crude is one of the factors that has helped maintain recycling at 23-year lows.




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