NEOT and Terntank Extend Charter Contracts

Finnish fuel supply and distribution company NEOT has extended its charter contracts for six vessels owned by the shipping company Terntank. These extended agreements cover six vessels operating from NEOT/St1’s terminal in Gothenburg. The announcement also includes the introduction of the new wind-assisted methanol-ready vessel series, Hybrid Solution Plus. The initial contract for the new 15,000 dwt Hybrid Solution Plus vessel was signed in March 2023. NEOT’s partnership with Terntank aims to...

https://mfame.guru/neot-and-terntank-extend-charter-contracts/

Smaller Vessels Bound For The Scrapheap

Credits: Anastasia Fomina/Unsplash

The box shipping fleet has reached its highest average age since records began, according to research by Bimco, with a great number – overwhelmingly in the smaller size range – set for demolition, reports loadstar.

The Loadstar has long reported on the disparity between demand for smaller vessels on feeder and short sea routes and major carrier disinterest in ordering new ones.

Rather than replenishing fleets with smaller vessels, however, carriers have...

https://mfame.guru/smaller-vessels-bound-for-the-scrapheap/

GTT Entrusted By Dalian Shipbuilding Industry With Tank Design

Credits: Fred/ Pexels

GTT announces that it has received, in the second quarter of 2023, an order from its partner Dalian Shipbuilding Industry & Co for the tank design of two Liquefied Natural Gas Carriers on behalf of CMES LNG Carrier Investment INC, says an article published on their website.

Vessels scheduled

GTT will design the tanks of these two vessels, which will each offer a capacity of 175,000 m3. The tanks will be fitted with the Mark III Flex membrane containment system, developed by...

https://mfame.guru/gtt-entrusted-by-dalian-shipbuilding-industry-with-tank-design/

Russia’s Oil Fleet Upgrades: Rust to Renewal

Credit: Trace Hudson/Pexels

The practice of using the world’s oldest and riskiest vessels to transport sanctioned oil is being challenged as an increasing number of tankers in the fleet become newer and safer, as published on GCaptain.

Scrutiny and Safety Concerns

Following Russia’s invasion of Ukraine, a significant number of ageing tankers were acquired by anonymous traders and investors to maintain the flow of Russian oil. These purchases, along with existing vessels transporting crude for...

https://mfame.guru/russias-oil-fleet-upgrades-rust-to-renewal/