Sign up
Log in Sign up
Tue 21 Aug 2018 07:45

Top Ships' fuel-efficient 'Eco' tanker completes sea trials


The Eco Palm Desert is expected to be delivered next month, as planned.

Image: Top Ships Inc
Top Ships Inc, the owner of fuel-efficient, medium-range (MR) 'Eco' tanker vessels for the transportation of petroleum products and bulk liquid chemicals, has announced that sea trials of its newbuild ship M/T Eco Palm Desert have been completed successfully and delivery from the Hyundai shipyard is expected on September 7, as planned.

Greece-based Top Ships owns a young fleet of eight fuel-efficient 'Eco' tanker vessels, with a further two newbuilds (Eco Palm Desert, Eco Holmby Hills) slated for delivery in 2018, and four ships (Eco California, Eco Marina del Rey, Eco Bel Air and Eco Beverley Hills) scheduled to be completed next year - brining the total number of vessels to 14. The oldest ship in the fleet is the 2014-built Monoikos/Stenaweco Energy.

The last vessel to enter the company's fleet was the jointly owned (with Gunvor) Eco Palm Springs, which was delivered towards the end of May and chartered out to Clearlake Shipping.

The other seven ships currently in operation have been chartered out to BP Shipping (Eco Fleet and Eco Revolution), Stena Bulk (Monoikos/Stenaweco Energy, Ecomaxx/Stenaweco Evolution, Ecotank/Stenaweco Excellence and Eco Seven DPS/Stenaweco Elegance) and Norden (Ecoship/Nord Valiant).

The soon-to-be-delivered Eco Palm Desert has already been secured by Central Tankers Chartering; the Eco Holmby Hills (50 percent owned with Gunvor) has been contracted to Clearlake Shipping; the Eco California will be taken on by Shell; the Eco Bel Air and Eco Beverley Hills (hull numbers S874 and S875) are due to enter into time-charter employment with an unnamed oil major; and the Eco Marina del Rey is to be chartered by Cargill.

Lease agreement between Inter Terminals Sweden and the Port of Gothenburg, signed on July 1st. Pictured: Göran Eriksson, CEO of the Port of Gothenburg (left) and Johan Zettergren, Managing Director of Inter Terminals Sweden (right). New Gothenburg lease an opportunity to expand green portfolio: Inter Terminals  

Bunker terminal operator eyes tank conversion and construction projects for renewable products.
Map of US Gulf. Peninsula extends US Gulf operation offshore  

Supplier to focus on Galveston Offshore Lightering Area (GOLA) in strategy to serve growing client base.
The M/T Jutlandia Swan, operated by Uni-Tankers. Uni-Tankers vessel gets wind-assisted propulsion  

Fourth tanker sails with VentoFoil units as manufacturer says suction wing technology is gaining traction.
Port of Gothenburg Energy Port. Swedish biomethane bunkered in Gothenburg  

Test delivery performed by St1 and St1 Biokraft, who aim to become large-scale suppliers.
Image from Cockett Marine Oil presentation. Cockett to be closed down after 45 years  

End of an era as shareholders make decision based on 'non-core nature' of Cockett's business.
Petrobras logo. Petrobras confirms prompt availability of VLS B24 at Rio Grande  

Lead time for barge deliveries currently five days.
Opening of the IMO Marine Environment Protection Committee (MEPC), 83rd Session, April 7, 2025. IMO approves pricing mechanism based on GHG intensity thresholds  

Charges to be levied on ships that do not meet yearly GHG fuel intensity reduction targets.
Preemraff Göteborg, Preem's wholly owned refinery in Gothenburg, Sweden. VARO Energy expands renewable portfolio with Preem acquisition  

All-cash transaction expected to complete in the latter half of 2025.
Pictured: Biofuel is supplied to NYK Line's Noshiro Maru. The vessel tested biofuel for Tohoku Electric Power in a landmark first for Japan. NYK trials biofuel in milestone coal carrier test  

Vessel is used to test biofuel for domestic utility company.
Pictured (from left): H-Line Shipping CEO Seo Myungdeuk and HJSC CEO Yoo Sang-cheol at the contract signing ceremony for the construction of an 18,000-cbm LNG bunkering vessel. H-Line Shipping orders LNG bunkering vessel  

Vessel with 18,000-cbm capacity to run on both LNG and MDO.

↑  Back to Top


 Recommended