Frontline Expects VLCC Storage Play to Rise
Tanker firm Frontline, controlled by billionaire investor John Fredriksen, expects a growing number of supertankers to be used for storing crude in anticipation of higher oil prices…
World's Largest Hybrid Ferry gets Rolls-Royce Power
Rolls-Royce announced that it received an order for four B33:45L diesel engines to power the world’s largest hybrid ferry being built for the Norwegian cruise and transport company Color Line. The ferry, designed by Fosen and to be built at Ulstein Verft in Norway, is due for completion by the summer of 2019 and is scheduled to operate on the crossing between Sandefjord in Norway and Strømstad in Sweden. The new Color Line ferry will be a plug-in hybrid combining diesel and electrical power.
Mercuria, PetroChina Selling Offshore Stored Fuel Oil
Three to four tankers storing fuel oil, down from eight or nine. Independent trading house Mercuria and Chinese state oil giant PetroChina are selling fuel oil stored…
Asia Tankers-VLCC Rates Plateau, Could Edge Higher
Floating storage, West Africa cargoes support rates; further storage charters may push rates to W60. Freight rates for very large crude carriers (VLCCs), which were…
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