Single-Hull Numbers Fall to 7% of Fleet

According to a June 7 report from Emirates Business 24/7, even as the UAE gears up to ban all single-hull tankers by the end of the year, their number has decreased drastically while demand from countries with inland transportation has increased. The number of single-hulls in the market has dropped to almost seven percent of the total fleet and 2010 would be the right time to scrap the ships, according to a recent report published by McQuilling Services.

(Source: Business Emirates 24/7)