Wärtsilä Supplies Energy Saving Propulsion Devices to Vitol Tankers
Wärtsilä has delivered propulsion efficiency devices to two tankers owned by Vitol.The vessels, Elandra Sea and Elandra Star, managed by Latvian operator LSC Group, had tailored Wärtsilä EnergoFlow and EnergoProFin systems installed during summer 2022.EnergoFlow is a pre-swirl stator that creates an optimal inflow for the propeller, reducing fuel consumption and emissions in all operating conditions. The EnergoProFin is an energy saving propeller cap with fins that rotate together with the propeller.
Tankship Owner Turns First Profit Since 2008
Latvian Shipping Company (LSC) owners of 19 medium-size tankships reports a profit in Q1 2013. LSC and its affiliates made a profit of US$ 77,000 despite an impairment charge of US$ 1.7-million against the decrease of the fleet value. Though in absolute terms the profit is merely symbolic, it is nevertheless a sign of major progress; it is the first time since 2008 when the LSC Group reports a positive financial result. Just to compare – the LSC Group closed Q1 of 2012 with a loss of US$ 17.77-million. Simon Blaydes, Chairman of LSC Management Board, explains: "Latvian Shipping Company is prudently optimistic about the prospects of the petroleum product tanker market, because charter rates have been increasing progressively.
