Danish carrier of refined oil products TORM has signed an agreement to purchase three 2015-built scrubber-fitted and fuel-efficient LR2 vessels, splashing $120.8 million on the deal. The ships, named Nissos Schinoussa, Nissos Heraclea, and Nissos Therassia, are being bought from Okeanis Eco Tankers
In the first quarter of 2021, high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world’s largest bunkering hub, data from BIMCO shows. HSFO sales are up 47.2% from Q1 2020, reaching 3.1 million tonnes. This is, however, still less than a th
