Year | Event |
1973-1975 | Fall in global oil consumption |
1976 | Recovery |
1979; 1981 | Fall |
1973 | Orders peaked, 200 m dwt |
1981 | Orders fell to 20 m dwt |
1980-1983 | Crude oil trade fell by 20% |
1964-1983 | Petroleum products rose by 49%; 124% to 334 m tons |
1983-1988 | Greek shipowners naturally turned to product carriers for the 1st time |