One a Week

For more than ten years now, a familiar lament in the Aframax sector has been that, “roughly one Aframax per week will deliver, how will the market absorb this amount of tonnage?” As shown below, Aframax deliveries have ranged from a low of 13 in 2001 to a high of 77 in 2003. The average of 40 is just below one per week.