Above all, the fall in the transport of oil tankers was due to the blockade restriction applied in several important economies to contain the spread of the virus, which caused a contraction of 4.2% of world GDP during 2020

Oil vessels:

The supply of oil tankers is determined by the size of the existing fleet, measured in terms of dwt.

According to the Pysxis Tankers company, crude oil, oils and chemicals are essentially transported by four different types of tank bunkers.

Finally, there is a fleet of specialty chemicals, all IMO qualified, and used primarily in the transport of chemicals and vegetable oils and fats.

The pure chemicals fleet represents almost 26.7% of all tankers that can transport products, but because most trade chemicals, it is excluded from the fleet analysis and the order book.