VLOC

Order Book Of VLOCs Dwindles Away This Year

  • The VLOCs list of buy and sell ordersseems to gradually decrease.
  • 14 VLOCs are scheduled for handover this year, marking the first time annual deliveries have fallen below 25 ships in four years.

The orderbook for very large ore carriers (VLOCs) is rapidly running out, says an article published in Splash247.

Alphabulk’s VLOCs Order

According to Alphabulk, 14 VLOCs are scheduled for handover this year, marking the first time annual deliveries have fallen below 25 ships in four years. Meanwhile,...

https://mfame.guru/order-book-of-vlocs-dwindles-away-this-year/

MOL & Kobe Steel Test First Binary Cycle Power On VLOC

  • Kobe Steel, Ltd. will conduct joint research with Mitsui O.S.K. Lines, Ltd. on a binary cycle power generation system currently under development.
  • The binary cycle power generation system has been installed on a bulk carrier owned by Shunzan Kaiun Co., Ltd.
  • The two companies will conduct joint research on the ship over the next 3 years to verify the durability and performance of the equipment under real operating conditions.

Mitsui O.S.K. Lines, Ltd., in their press release, announced the...

https://mfame.guru/mol-kobe-steel-test-first-binary-cycle-power-on-vloc/

Increasing Number of VLOCs Phased Out Due To ‘No Operations’

  • The once attractive VLOCs are phased out due to safety concerns.
  • 43% of the VLOC fleet has been sent to the scrapyards.
  • 18% of the fleet is idled or damaged.
  • VLOCs were converted from single-hull VLCC towards the end of 2000 as an innovative result of the dry bulk supercycle.
  • The maintenance and repair costs are significantly higher than the younger tonnage.
  • Conversion from the tanker to dry bulker came at an estimated price of USD 12-15m.

According to an article published in BIMCO and...

http://mfame.guru/increasing-number-of-vlocs-phased-out-due-to-no-operations/

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