Heavy Fuel Oil Consumption News

Ship efficiency is just as relevant and important in a bearish oil market as when shipowners have to pay over $600 for a metric ton of heavy fuel oil, Newport Shipping avows. Hakan Ozcan, the Chief Financial Officer of Ecoships, the technical ship management arm of Newport Shipping Group, said, “With crude oil prices at their lowest since April 2009, the temptation is to put your foot on the gas and speed up a bit but this is not the way forward. Ozcan  continued, “Admittedly bunker fuel will continue to be the largest single operational cost for shipowners…

Ecoships, the technical shipmanagement arm of Newport Shipping Group, has introduced a next generation bulk carrier design, developed to set the standard in ecologically compatible marine transportation. Inspired by the low friction to water flow and self-cleaning properties of the lotus flower – a symbol of purity and beauty in Buddhist and Hindu philosophy –  Ecoships’ Greenlotus 32, is a 32,500dwt geared, wide hatched, handy-size bulker, designed to meet existing and future CO2 (carbon dioxide) NOx (oxides of nitrogen) and SOx (oxides of sulphur) emissions regulations.