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             Graph 4                                              SMALL-     MEDIUM-      LARGE-
             Distribution of the tanker fleet by ship type         SIZED      SIZED        SIZED       TOTAL
             based on company size
             Source: Analysis of data sourced by Greek Shipping Publications
                                                                   5%
             Note: Percentages lower than 5% are not included.
                Small Tankers    Handysize        MR
                                                                                                      14%
                Panamax/LR1      Aframax/LR2      Suezmax
                                                                                          20%
                VLCC                                                          14%
                                                                  17%



                                                                                                      17%
                                                                              14%


                                                                   8%
                                                                                          23%


                                                                              11%

                                                                                                      19%
            1/5 tankers


             managed by large-sized companies are                 26%
            VLCCs



                                                                              26%         22%          8%




            1/4 tankers                                            7%

             managed by medium-sized companies are                                         6%
            MRs                                                                6%                     22%







                                                                                          19%

            1/3 tankers                                           34%                                  6%
             managed by small-sized companies are                             26%
            Small                                                                          6%          14%



            Tankers





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