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Malaysia to Get new "Bunker Island" Oil Storage Depot
Aug 13, 2019 ... Authority (JPA) and Smart Crest Sdn Bhd. Known as "bunker island" and coming at a cost of MYR2 billion ($480 million), the facility will be located the Free Commercial Zone of Tanjung Pelepas ...
Massive Inventory Drop Causes Crude Price Spike, But Analysts Say Fundamentals Remain Soft
Jun 26, 2019 ... Despite many signs of tightening, the experts still worry about weak demand. ...
MR2 Tanker Arrested in Singapore
Jun 13, 2019 ... tanker Sino Energy 8 has been arrested in Singapore, according to the latest records from the Supreme Court of Singapore. The detention took place on Monday June 10 following action by ...
Istanbul Annual Bunker Volumes Rise Again
Apr 3, 2019 ... as reported last year, a number of local players have also come together to form the IstanbulBunker2020 Committee to work on preparing for the upcoming IMO 2020 global 0.50% sulfur cap on marine ...
Full Speed Ahead for Crude Prices Due to OPEC Defying White House
Mar 21, 2019 ... Economic self-interest will prompt producers to continue pumping full-out. ...
Maersk Tankers to Install Scrubbers
Mar 1, 2019 ... win for advocates of the technology. The scrubber systems will be installed on one existing LR2 vessel as well as three LR2 newbuildings within the Maersk Product Tanker fleet. Installing ...
IMO2020: Scorpio Tankers Eye $100M+ Annual Bunker Savings from Scrubbers
Feb 12, 2019 ... for its MR tankers, $1,017,450 to $1,271,813 for LR1’s, and $1,220,940 to $1,526,175 for its LR2s. This compares to the expected cost of the hybrid-ready, open-loop type scrubbers of between ...
Scorpio Confirms Orders for Over 140 Scrubbers
Oct 15, 2018 ... fleet, this includes an agreement it has already entered into to retrofit units on 15 of its LR2s, plus it has now agreed letters of intent to cover the purchase and installation of units on ...
Ecoslops Upbeat on Half-year Results
Sep 27, 2018 ... 2018. A shutdown of the unit in the first quarter contributed to lower group turnover overall (EUR2.9 million vs EUR2.9 million) but the company said technical improvements were made during the ...
Airbus Ro-Ro's to Get Kite Sails
Sep 5, 2018 ... week, Maersk Tankers said it will test a Flettner rotor-based wind propulsion system onboard an LR2 tanker in a move it says "could take us to a new playing ...