Scorpio Group has provided details of $122m of scrubber installations for its tanker and bulker fleets.

VLCC owner DHT Holdings say its scrubber fitted vessels will be configured in such a way where it can burn 0.5% or less sulphur fuel where exhaust gas cleaning units are banned.

China Oilfield Services Limited (COSL) has announced that the company is to sell two tankers and related business to Northsea Shipping for a price of RMB84.8m ($12.2m).

With US oil exports surging there is unprecedented investment in oil processing facilities is underway, and discussions regarding new terminals along the Texas Gulf that could include VLCCs.

While the sulphur cap is still very much the issue of the day Martin Stopford, president of Clarkson Research Services, says the industry needs to start thinking now how it will meet the IMO's goal of a 50% reduction in CO2 emissions by 2050.

Paolo d’Amico, md of d'Amico Societá di Navigazione SpA, has been elected new chairman of Intertanko (the International Association of Independent Tanker Owners), succeeding Dr Nikolas Tsakos who completed four years in the role.

Reederei Nord and Nissen Kaiun have launched the N2Tankers aframax pool with ship manager Synergy Group.

Stena Bulk has become the latest owner to opt for scrubbers for 2020 sulphur cap compliance with an order for up to 21 units from Shanghai Bluesoul Environmental Technology.

Scorpio Group’s massive about turn on scrubbers to order 146 exhaust gas cleaning units for its tanker and bulker fleets is a “commercial opportunity to burn cheap fuel”, according to the shipowner’s managing director.

Singapore-headquartered tanker owner AET has named its first two LNG dual-fuelled aframaxes.

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