Norsepower Confirms Rotor Sails Fuel Savings

Finnish technology company Norsepower has confirmed fuel savings of more than 8 percent from a trial of its Rotor Sails onboard the Maersk Tankers product tanker, Maersk Pelican. The company's Rotor Sails are a modern version of a Flettner Rotor, a type of spinning cylinder that uses the Magnus effect to harness wind power to help propel a ship and enhance fuel … [Read more...]

Cargill and Maersk Tankers Join Forces in Medium-Range Tanker Pool

Cargill and Maersk Tankers will be joining forces in the Medium Range (MR) tanker segment as part of a strategic partnership that will see Cargill’s entire MR fleet joining Maersk Tankers’ existing MR pool. A press release said the partnership will create a new joint pool that will significantly increase the scope of their MR spot tanker business, combining Maersk Tankers’ … [Read more...]

Maersk Tankers to Install Scrubbers on Select LR2 Product Tankers

Maersk Tankers will invest in four scrubber systems to be installed on selected LR2 vessels in the Maersk Product Tanker fleet before January 2020. The scrubbers systems will help Maersk Tanker comply the upcoming IMO sulphur cap regulation, which limit the sulphur content in fuel oil used on board vessels globally to a maximum of 0.50% from the current 3.50% limit January … [Read more...]

Maersk Tankers to Wind Down Customer Agreements in Iran

COPENHAGEN, May 16 (Reuters) - Danish oil product tanker operator Maersk Tankers said on Wednesday it would wind down its customer agreements in Iran by November following new U.S. sanctions on Tehran. "We will perform customer agreements entered into before May 8 and ensure that they are wound down by November 4, as required by the re-imposed U.S. sanctions," the company … [Read more...]

Maersk Tankers Confirms Order for Six Newbuilds in China

Maersk Tankers has place an order for six tanker newbuildings in China, kicking off a newbuild program that could grow to include more vessels. Maersk Product Tankers’ board of directors has approved the order of six of ten LR2 newbuildings that are on contract with Dalian Shipyard. The plan is to deliver the six vessels over a period of two years with the first vessels … [Read more...]