Tag: VLCC

Earnings for both crude oil and oil product tankers continues to go from strength to strength

HHI announced it recently delivered its 2,000th ship setting another milestone

According to Poten, ever since the dramatic decline in oil prices charterers and ship owners alike have been eying the forward oil market

  Hyundai Heavy Industries (HHI), announced its fuel saving propeller attachment, Hi-FIN, proves beneficial to shipowners and operators. After a year-long trial of the energy-saving device installed on a 162,000 m3 LNG carrier ordered from Maran Gas, HHI found that Hi-FIN can save up to 2.5 % of fuel in comparison with the same type of vessels without Hi-FIN. If the fuel saving ratio is calculated on the basis of an 8,600 TEU containership, the owners or operators of the containership can save about $750,000 per year or $19 million for 25 years, an estimated lifetime of the ship. The energy-saving device attached at the hub of the propeller generates countering swirls that offset the swirls generated by the propeller, and thus improves propulsion efficiency. HHI has won orders of Hi-FIN for over 30 ships to date, and the company expects more orders now that it can install the device on broader types of ships from LNG carriers to almost all types of ships including VLCC, LPG carriers and containerships. Source and Image Credit: HHIIn the outbreak, I was forthright with you propecia before and after has changed my being. It has become much more fun, and now I have ...

According to Poten, owners expect that the strong market will continue into the second quarter of the year

According to Poten & Partners, the tanker market is off to a good start so far this year

  To test and demonstrate Singapore's readiness to tackle oil and chemical spills, a multi-agency joint oil spill exercise was conducted. Code-named JOSE 2015, the exercise was organised by the Maritime and Port Authority of Singapore (MPA) on the last day of the International Chemical and Oil Pollution Conference and Exhibition 2015 (ICOPCE), held in conjunction with the 10th Singapore Maritime Week (SMW). JOSE 2015 comprised a tabletop management exercise at MPA's Port Operations Control Centre Vista and a full scale oil and chemical spill response equipment deployment. Over 180 personnel from various agencies participated in the table top exercise and seaward exercise, located along Sudong Holding Anchorage, 4.5 km south of Jurong Island. The exercise scenario involved a simulated collision between a Very Large Crude Carrier (VLCC) and a chemical tanker. The VLCC suffered damages to two cargo tanks and some 5,000 tonnes of oil was spilled. Due to the impact of the collision, the chemical tanker sustained damage to the cargo tank cover on deck. The exercise included responses to combat oil and chemical pollution from both the vessels and tested multi-agency responsiveness and co-operation. The spill response teams deployed equipment such as oil containment booms, harbour busters ...

  Dalian Shipbuilding Industry China (DSIC), Dalian Ocean Shipping Co. and Lloyd’s Register, having completed a joint industry project to develop a minimum ballast ship VLCC, have continued to develop further detailed designs to provide a series of reduced ballast Suezmax and Aframax tanker designs. Nick Brown, LR's Marine COO with Mr. Yu Fengping, president of DSIC The ‘Clear Advantage’ reduced ballast designs provide substantial performance improvements over conventional tanker designs. The benefits are: reductions in energy consumption during ballast passages; a reduction in ballast water treatment capacity – and the associated time, energy and cost penalties incurred in treating ballast water; and a reduction in the harmful effects of mud or silt. Mud and silt are significant operational realities in China where oil import terminals are located on major rivers. Intake of river water ballast during cargo discharge can result in substantial volumes of mud or silt accumulating after operations leading to as much as 1,000 tonnes becoming ‘stuck’ in a VLCC’s ballast water tanks. The combined impact of the loss of cargo capacity, the economic drain of transporting the mud during laden passages and the eventual cost of removing the muddy slurry as well as the strain on ...

KR facilitated the successful conversion of the Madison Orca, a 320,000 dwt OBO carrier to a VLCC

According to Poten & Partners, Unipec remains number one in the overall ranking of reported dirty spot charterers for 2014