The tanker fleet has climbed to vessels (668.8 Mn DWT). MRs dominate the market (2,002 vessels, 96.6 Mn DWT, 34.9 % of total DWT), followed by Aframax/LR2s (1,206 vessels, 132.9 Mn DWT). VLCCs, although few (913 vessels), account for the largest DWT share (280.3 Mn DWT, 15.9 % of the fleet).
Overall, the tanker market remains well‑supplied, with modest growth in DWT (2.2 % YTD 2025) and a healthy orderbook, but a notable uptick in demolitions and an ageing hand‑size segment suggest potential capacity pressure in the lower‑size bands over the medium term.