Period: 1988-1991, 4 years

Period: 1992-2003, 12 years

Period: 2003-2008, exceptional boom, 6 years

Period: 2009-2013, in global financial crisis, 5 years

Stagnant! Regressing from 82 m to 87 m dwt

The fleet doubled, adding 85 m dwt

The fleet added 89 m dwt!

Stagnant; regressing round the 263 m dwt

Period: 2014-2017, 4 years

Period: 2018-2020, 3 years

Period: 2015-2022, 8 years

Forecast: 2023-2025, 3 years

The fleet regressed round the 314 m dwt, added 38 m since 2013

The fleet stalled round the 342 m dwt mark, due to COVID-19

Added 64 m dwt!

Expected to be added 36 m dwt