India’s Oil Demand Drives CMB Tech Fleet Diversification
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
Stena Bulk announced it has a turnkey agreement with Shanghai-based Bluesoul to equip its Suezmax and IMOIIMAX ships with exhaust gas scrubbers.
In total, Stena Bulk will equip 15 vessels with the scrubbers with options for six additional vessels all for installation prior to 2020.
Bluesoul is the first Chinese enterprise to be awarded Lloyd’s Register Exhaust Gas Cleaning System Machinery General Design Appraisal as well as DNV GL and ABS AiP. The company has had a collaboration agreement with the Stena group for more than a year.
“By installing scrubbers, we will be well equipped to meet the 2020 regulation and are protected from price volatility as well as fuel shortage,” said Erik Hånell, President & CEO Stena Bulk.
“In relation to market developments, today’s market predictions are attractive in theory and currently seems to be so in practice too, despite there being a couple of parameters that remain uncertain. However, there are opportunities already available today to lock in some of the uncertainty, which might be appealing when looking for a more secure investment. We are very happy to be able to confirm this order with Bluesoul, which has performed very well in terms of quality compared with more reputable manufacturers,” added Hånell.
According to its website, Stena Bulk controls a combined fleet of around 110 vessels.
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