Tag: VLCC

Breakwave Advisors in partnership with ETF Managers Group LLC, announced that the Breakwave Tanker Shipping ETF (BWET) will begin trading on the New York Stock Exchange.

In latest BIMCO’s ‘Shipping Number of the Week” analysis, Chief Shipping Analyst, Niels Rasmussen, looks at the high values for five-year-old Aframax, Suezmax, and VLCC crude tankers, which now stand at respectively 96%, 85%, and 83% of newbuilding prices.

Deltamarin and GTT today announced that they have received Approval in Principle (AiP) from the classification society ClassNK for the 12,500 m3 LNG dual fuel VLCC design.

On the 10th of March, Euronav signed an agreement with UN to sell a Very Large Crude Carrier (VLCC) as part of a wider salvage operation for the FSO Safer vessel in Yemen.

RINA awarded an Approval in Principle (AiP) of a first very large crude carrier (VLCC) vessel using an innovative propulsion arrangement that reduces the ship’s resistance by 5-10%. The vessel will meet the IMO targets for 2050 through the use of the ship’s fuel (LNG) combined with hydrogen produced onboard.

Nippon Yusen Kabushiki Kaisha (NYK), MTI, and Elomatic Oy have completed the concept design phase of a new capesize bulk carrier and a very large crude oil tanker (VLCC) in a project that aims to build an LNG-fueled vessel that can be efficiently converted to an ammonia-fueled vessel, or ARLFV, an ammonia-fuel ready LNG-fueled vessel.

An Okeanis Eco Tankers’ very large crude carrier was the target of armed drones on October 21, as the vessel had called for loading at the Al-Dabba oil terminal in Ash Shihr, Yemen.

China Classification Society (CCS) announced the delivery and naming ceremony of the first VLCC ever built in China deploying four 40metre rigid wing sails.

A methanol dual fuel 300,000 DWT crude oil carrier (VLCC) has received Approval In Principle (AIP) from Korean Register (KR).

The ship-to-ship transfer (STS) bunkering of the world’s first LNG-fuelled VLCC took place in the port of Pasir Gudang, Malaysia using the Avenir Advantage – PETRONAS’ long term-chartered barge.