BP seeks 2020-compliant VLCCs for time-charter

Owners see this oil giant’s requirement as a ‘bit of a test case’ for the large tanker market and its response to the additional technical aspect on the ships due to the new regulations of the global sulphur cap on marine fuel oil. Energy major BP is re-circulating a requirement in the market for up to two VLCCs on a time charter for a period of three years plus two one-year options to extend the hire. BP states that they will meet the incoming new restrictions on nitrogen and sulphur oxides emissions from 2020.

Read more here: TradeWinds

Maersk Line in favour of low sulphur fuel

Maersk Line is planning on opting for low sulphur fuel to comply with the new regulations of the global sulphur cap. Vincent Clerc, chief commercial officer of Maersk Line said that the container line is looking for a solution that will fit the existing fleet and not only the new ships. Moreover, Maersk prefers a proven solution with low sulphur fuel rather than LNG at this stage.

Read more here: TradeWinds