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BIMCO: Ship Demolition Prices Spike, Tankers Lead The

Chart courtesy BIMCO
In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken.
This according to a report out today from BIMCO, which shows that so far this year, 10 crude oil and 38 oil product tankers have left the active trading fleet and the development in crude oil tanker demolition and that of oil product tankers continues to head in different directions. Crude oil cargo carrying capacity of just 1.45 million (m) DWT has left the market since the start of the year compared to 1.25m DWT of oil product tankers. ....

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Monjasa swaps floating storage in shifting West Africa product market

Monjasa swaps floating storage in shifting West Africa product market
Global oil & shipping group, Monjasa, has agreed terms for the Crude Oil Tanker, SKS Dokka (119,456-dwt), as new floating storage for its West Africa operations. At the same time, Monjasa data reveals the significant shift in product demand across the region following one year of IMO 2020 regulations in place, the company said in its release.
Monjasa has experienced how the IMO 2020 regulations have significantly changed product demand from the Gulf of Guinea to Namibia in south.
By applying modern floating storages as part of the refuelling solutions, Monjasa has enabled steady and efficient supply of more than 10m tonnes of marine fuels across West Africa in the period 2010-2020. ....

Marine Gas Oil , While High Sulphur Fuel Oil , Sulphur Fuel Oil , Oil Tanker , West Africa , Crude Oil Tanker , High Sulphur Fuel Oil , Very Low Sulphur Fuel Oil , கடல் வாயு எண்ணெய் , போது உயர் கந்தகம் எரிபொருள் எண்ணெய் , கந்தகம் எரிபொருள் எண்ணெய் , எண்ணெய் டேங்கர் , கச்சா எண்ணெய் டேங்கர் , உயர் கந்தகம் எரிபொருள் எண்ணெய் , மிகவும் குறைந்த கந்தகம் எரிபொருள் எண்ணெய் ,

Corrosion\-resistant steels for cargo oil tanks | Hellenic Shipping News Worldwide

Corrosion-resistant steels for cargo oil tanks
Crude oil is a complex mixture of substances at varying ratios and in most cases contains at least some salt water. Even after desalination some of this brine remains dissolved in the crude and gradually sinks to the bottom of the cargo oil tank during transport. The corrosive nature of salt, along with microorganisms and other aggressive substances contained in the cargo oil, causes rust, most notably in the form of pitting, which are cavities in the steel that deepen over time.
Double-hull tankers are more prone to pitting
“Pitting corrosion is typically found in the bottom area of cargo oil tanks,” explains Dr Eva Junghans, Senior Principal Engineer and Lead of Practice Materials & Welding and Additive Manufacturing at DNV GL. “Above the cargo surface, especially on the underside of the upper deck, corrosion tends to be more evenly spread,” the expert continues. “It is primarily caused by aggressive chemicals ....

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Manifold Times | Monjasa welcomes 'SKS Dokka' as new floating storage for West Africa bunker operations

Monjasa welcomes âSKS Dokkaâ as new floating storage for West Africa bunker operations
23 Dec 2020
Global oil and shipping group Monjasa Ltd on Monday (23 November) said it has agreed to the terms for the Crude Oil Tanker, SKS Dokka (119,456-dwt), to be the new floating storage for its West Africa operations.
At the same time, Monjasa said its data reveals a significant shift in product demand across the region after one year of IMO 2020 regulations coming into effect.
Today, West Africa has the fastest growing population of any region in the world. In a global trade context and considering that approximately 90% of all goods are being transported by sea, this development puts great demands on the regionâs maritime logistics, it added. ....

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