Dutch emission-reducing tech enterprise, Value Maritime (VM) and Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) have inked a contract for VM to supply an Exhaust Gas Cleaning System (EGCS) and Carbon Capture feature for an LR1 Product Tanker.
In a joint effort, Hafnia and Mercuria are setting out to service the industry by initially committing ten vessels with an average age of 13 years to bridge the gap across a rapidly aging segment.
A U.S. Navy warship responded to a distress call from a commercial tanker in the Gulf of Aden that had been seized by armed individuals and the vessel is now safe, U.S. officials said on Sunday.