According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024. At the same time, deliveries will reach a 16-year high and the second highest on record,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The increase in deliveries follows an increase in contracting of new ships during 2023 and 2024. During those years 551 new ships were contracted with a capacity of 38.7m DWT…