MR tanker

Stena Bulk Takes 2 Eco MR Tankers On Long-term Time Charter

Stena Bulk is taking two brand new eco Medium Range (MR) tankers on long-term time charter from unnamed Japanese partners, says an article published in Offshore Energy.

About the MR tankers

The two MR tankers are being built at Hyundai Mipo Dockyard in South Korea and are scheduled for delivery in the first half of 2022.

Scrubber fitted

The 50,000 DWT vessels are being fitted with scrubbers to ensure compliance with IMO 2020.

Fuel efficient

To be named Stena Convoy and Stena Conductor, the ships will...

https://mfame.guru/stena-bulk-takes-2-eco-mr-tankers-on-long-term-time-charter/

Tanker Transit Via Suez Canal Falls

  • The demand for oil transports has stayed subdued since the April crash in oil prices.
  • Oil tankers passing through the Suez Canal in October saw a sharp 27% decline.
  • October recorded just 9 transits of LR1 tankers (55,000 – 80,000 DWT), which is a 74% drop.
  • Dry bulk transits have risen 24.4% in the first 10 months of the year.
  • Containership transits unsurprisingly fell by 14.4%.

A sharp 27% decline in the number of oil tankers passing through the Suez Canal was seen in October, reports BIMCO.

Wha...

https://mfame.guru/tanker-transit-via-suez-canal-falls/

Steel Cut on LNG-powered MR Product Tanker

Zvezda shipbuilding has started building a first LNG-powered MR type product tanker for compatriot shipowner Sovcomflot, says an article published on their website.

LNG-powered MR tanker 

Russian Zvezda Shipbuilding has cut steel for the first LNG-powered MR type product tanker from a series of three vessels ordered by the compatriot shipping major Sovcomflot in 2019.

Hull assembly

The steel cutting ceremony marks the beginning of the hull assembly of the ship.

The LNG-powered MRs will be used to...

https://mfame.guru/steel-cut-on-lng-powered-mr-product-tanker/

TOP Ships Acquires Scrubber Fitted ECO tankers

TOP Ships Inc. Announces Acquisition of Two Scrubber Fitted ECO MR Tanker Newbuildings With Time Charters, says a press release published on their website.

Acquired outstanding shares

TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has acquired 100% of the issued and outstanding shares of Santa Catalina Inc. and Santa Monica Inc., which are Marshall Islands companies. 

Scrubber fitted MR tankers

These...

http://mfame.guru/top-ships-acquires-scrubber-fitted-eco-tankers/

MR Tankers Focuses on Transaltantic Route To Boost Trade

Rotterdam-New York MR tankers
  • This higher demand may prolong the gains in earnings for medium-range tankers plying transatlantic trades, which have nearly doubled since early October.
  • European shipments to the U.S heading for the Atlantic coast accounted for about 465,000 tonnes monthly, or roughly 128,000 BPD, according to Eurostat data.
  • Diesel imports are not keeping up with demand, as refinery runs fall leading to inventories on the Atlantic coast shrinking.
  • Middle East refineries have compensated with increased...

http://mfame.guru/mr-tankers-focuses-on-transaltantic-route-to-boost-trade/

MR Tankers Jack Up With IMO Approaching

In the run-up to IMO 2020, the product tanker market is exhibiting hitherto unseen levels of dysfunction, reports Riviera Maritime Media.

More tankers pre IMO2020

The year before IMO 2020 was always going to be a fraught one for product tanker owners, who need to gear up fleets for the expected increase in demand without having a complete picture of that demand until 2020 arrives.

While most shipping analysts are anticipating a boost for product tankers, others are trying to manage expectations.

Dip...

http://mfame.guru/mr-tankers-jack-up-with-imo-approaching/

Term Rates for Clean Tankers High Ahead of IMO 2020

  • The 2mn b/d in global seaborne distillates exports increase would be the largest annual increase in at least 19 years.
  • Contribute to 8.4pc annual gain in seaborne exports.
  • One-year time charter rates for medium range (MR) tankers have edged up this year to about $15,000/d.
  • For long range 2 (LR2) tankers one-year time charter rates have risen to about $19,000/d.
  • The cost of MR freight on the key US Gulf coast-Pozos, Colombia, route stands at $400,000 lump sum, down 16pc from its five-year...

http://mfame.guru/term-rates-for-clean-tankers-high-ahead-of-imo-2020/

Cargill Vessels Join Maersk MR Pool To Gain More Exposure

In a major development, Cargill and Maersk Tankers has announced a strategic partnership that will improve flexibility for customers and reduce fuel consumption and emissions, whilst having a positive impact on time-charter-equivalent earnings for partners, says an article published in PR Newswire.

Cargill Fleet in Maersk MR?

Cargill will enter its MR fleet into the existing Maersk Tankers MR pool, creating a new joint pool that will significantly increase the scope of their Medium Range (MR)...

http://mfame.guru/cargill-vessels-join-maersk-mr-pool-to-gain-more-exposure/

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