In 2023, the US tanker gross tonnage was slightly higher than 1.92 million short tons. Over the forecasted period from 2024 to 2028, there is a consistent decline in gross tonnage, with an average annual decrease (CAGR) of 0.63%. Year-on-year, this represents a modest 1.57% decline each year, highlighting a gradual reduction in tanker utilization.

Future trends to watch for include:

Technological advancements in tanker efficiency that might affect gross tonnage.
Policy changes impacting maritime transport, such as emission regulations.
Fluctuations in the demand for oil and gas which could alter tanker needs.
Global economic conditions and trade patterns that may influence shipping activity.