SCF Group has signed a time charter contract with Shell for two liquefied natural gas (LNG)-powered Aframax tankers. The 114, 000 dwt vessels will operate within the Anglo-Dutch multinational's worldwide freight network for up to 10 years. Each will be built to Ice Class 1A hull notation to enable all-season export operations from the Baltic. Evgeny Ambrosov, senior executive VP of SCF, said the deal showed the two companies were "leading the development and adoption of LNG as a fuel within the tanker industry". Bloomberg Terminal copy: Fuelling Good: More ships are considering LNG as bunker alternative 2018-02-28 02:09:50.900 GMT Shell sealed long-term time-charter deals with Sovcomflot for two LNG-fuelled aframax tankers, currently under construction, last week. Shell will provide fuel for these ships using its own LNG bunkering infrastructure. ExxonMobil, Total, and Statoil have also embarked on LNG bunkering plans in Asia and Europe. The number of LNG-powered ships that are not LNG carriers, both in service and on order, has reached the 200 mark as of Mar 2017, out of which 13 are chemical/product tankers. (LNG World Shipping) The International Maritime Organization (IMO) has set the sulphur limit in fuel oil used on board ships (for vessels operating outside the Emission Control Areas [ECAs]) at 0.1% m/m on and after 1 Jan 2020, down from the current limit of 3.5% m/m. The sulphur limit in the ECAs will remain at 0.5% m/m content. Ships can meet the requirement by using low-sulphur compliant fuel oil, alternative fuels like LNG, LPG, methanol, and ethanol, or by installing scrubbers or exhaust gas cleaning systems on board. (Waterfront Shipping will time-charter in four dual-fueled methanol carriers in 2019; refer to Asset Market section, pg 5.) -0- Feb/28/2018 02:09 GMT
SCF Group has signed a time charter contract with Shell for two liquefied natural gas (LNG)-powered Aframax tankers. The 114, 000 dwt vessels will operate within the Anglo-Dutch multinational's worldwide freight network for up to 10 years. Each will be built to Ice Class 1A hull notation to enable all-season export operations from the Baltic. Evgeny Ambrosov, senior executive VP of SCF, said the deal showed the two companies were "leading the development and adoption of LNG as a fuel within the tanker industry". Bloomberg Terminal copy: Fuelling Good: More ships are considering LNG as bunker alternative 2018-02-28 02:09:50.900 GMT Shell sealed long-term time-charter deals with Sovcomflot for two LNG-fuelled aframax tankers, currently under construction, last week. Shell will provide fuel for these ships using its own LNG bunkering infrastructure. ExxonMobil, Total, and Statoil have also embarked on LNG bunkering plans in Asia and Europe. The number of LNG-powered ships that are not LNG carriers, both in service and on order, has reached the 200 mark as of Mar 2017, out of which 13 are chemical/product tankers. (LNG World Shipping) The International Maritime Organization (IMO) has set the sulphur limit in fuel oil used on board ships (for vessels operating outside the Emission Control Areas [ECAs]) at 0.5% m/m on and after 1 Jan 2020, down from the current limit of 3.5% m/m. The sulphur limit in the ECAs will remain at 0.1% m/m content. Ships can meet the requirement by using low-sulphur compliant fuel oil, alternative fuels like LNG, LPG, methanol, and ethanol, or by installing scrubbers or exhaust gas cleaning systems on board. (Waterfront Shipping will time-charter in four dual-fueled methanol carriers in 2019; refer to Asset Market section, pg 5.) -0- Feb/28/2018 02:09 GMT