VLCCs look set to benefit from LNG fuel

If the rates of the VLCC market were better, the first crude oil tanker running on LNG fuel would already be operating, says Henrik O. Madsen, CEO of DNV GL.

If the market for the huge cruce oil tankers, the VLCCs, wasn't so wretched, the first tanker running on LNG fuel would already be in the market, says Henrik O. Madsen, CEO of the new classification company DNV GL Group. The combination of the ships and LNG forms a basis for more optimal operations, he tells ShippingWatch:

"VLCCs are ideal for gas operations, as they move more or less straight from a to b," he says, referring to the fact that the large tankers often transport the oil between two set destinations, meaning that they don't rely on an well-developed network of LNG terminals.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs