Euronav Storing Initial Supply of IMO 2020-Compliant Fuel On Board ULCC Oceania

Belgian tanker owner Euronav says it has so far procured 420,000 metric tons of low sulphur fuel oil which is storing aboard one of its ultra large crude carriers in preparation of the IMO 2020 fuel regulations. The company made the disclosure on Thursday along with additional details about its plan to comply with the upcoming low sulphur fuel regulations. Euronav says … [Read more...]

Euronav’s Giant ‘Oceania’ Starts 12,400-Mile Trip to Fuel-Storage Zone

By Jack Wittels and Timothy Abington (Bloomberg) --The world’s biggest oil tanker has begun a 12,400-mile voyage to a fuel-storage zone in Asia, the latest movement of a vessel that’s intrigued the shipping market and fuel traders for months. More than 1,200 feet long, 16 years old, and able to hold roughly a day of France’s and Britain’s combined oil consumption, Oceania … [Read more...]

Euronav Becomes World’s Largest Independent Tanker Company as Merger with Gener8 Maritime Closes

Belgian tanker company Euronav has completed its merger with former rival Gener8 Maritime following approval from Gener8’s shareholders on Monday. The merger creates the world’s largest independent operator of large crude tankers. Through the merger, Euronav has an operating fleet of 74 crude tankers consisting of 43 Very Large Crude Carriers (VLCCs), 27 Suezmax tankers, … [Read more...]