Operators of oil carriers boosted spending 122 per cent to US$49.2 billion last year, giving a boost to shipbuilders including Hyundai Heavy Industries Co, the world's biggest. The largest increase in spending among tanker owners was on one-million-barrel ships, the biggest class of vessel to pass fully loaded through Egypt's Suez Canal.
Owners' spending on these so-called suezmaxes soared more than 10-fold to US$5.6 billion, according to Clarkson. The International Maritime Organization will ban single-hull oil tankers from 2010.
Owners' spending on these so-called suezmaxes soared more than 10-fold to US$5.6 billion, according to Clarkson. The International Maritime Organization will ban single-hull oil tankers from 2010.