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Vitol Chartering Five Older Tankers for Floating Storage
Oct 29, 2015 ... SKS Tweed, are said to be being chartered for around $17,500 per day, a lower rate than a newer LR2 tanker.  It was reported earlier this year that some players no longer considered floating ...
AET Looks to Maximise Fuel Efficiency With $500M Order for 8 Eight Newbuild Tankers
Oct 29, 2015 ... be built by Samsung Heavy Industries Co Ltd (SHI) for a 2018 delivery, while two 114,000-DWT LR2 tankers and two 158,000-DWT Suezmax tankers will come from Hyundai Heavy Industries Co Ltd (HHI) ...
ABB: Study Shows "Substantial" Savings for Dual Fuel Diesel Electric Propulsion System
Oct 27, 2015 ... with future technologies In July, ABB said the first application on a marine engine of its Power2 800-M turbocharging solution will help achieve "six figure savings" on fuel ...
Bunker Spill As Dutch Freighter Sinks After Collision with LNG Tanker
Oct 7, 2015 ... Flinterstar collided with Marshall Island-flagged tanker Al-Oraiq Tuesday morning off the Belgian Coast. ...
"World's Most Advanced" Cable-Laying Vessel Cuts Fuel Consumption 27%
Sep 22, 2015 ... says ABB. In June, ABB said that the first application on a marine engine of its Power2 800-M turbocharging solution will help achieve "six figure savings" on fuel ...
Floating Storage on the Rise as Singapore Sees Record High Fuel Oil Stocks
Sep 22, 2015 ... Record high stocks and a slowing demand for fuel oil are encouraging traders to temporarily store increasing amounts of fuel oil in tankers. ...
China Fuel Oil Imports May Decline by Nine Percent in 2016
Sep 21, 2015 ... Declines in bitumen imports and fuel oil demand for shipping were also reported. ...
Drewry: Fleet Growth Will Put Product Tankers Profits Under Pressure
Sep 7, 2015 ... at a CAGR of 2.8 percent over 2014-20 (compared to 2.9 percent over 2011-14), with the bigger MR2 and LR2 segments accounting for the majority of the increase over the forecast ...
Trafigura in Rare VLCC Gasoil Move
Aug 28, 2015 ... product tankers, which often have a limit of around 90,000 mt. "The rate is similar to an LR2 rate [for South Korea to West Africa], so if they can fill up the VLCC it will be very cheap," ...
Indonesian Police Arrest Three Hijackers in Fuel Theft Case
Aug 24, 2015 ... not been caught.  The MT Rehobot had been carrying 1,100 tonnes of diesel worth roughly IDR200 million ($14,000) when it went missing in late January.  The ship was finally found found ...