Investments on new double-hulled bunker tankers to replace older single hulls seem to have paid off for O.W.
Investments on new double-hulled bunker tankers to replace older single hulls seem to have paid off for O.W. Bunker Canary Islands, S.L. The regional representative for global bunker supplier and trader O.W. Bunker this year took delivery of two new vessels for bunker fuel deliveries.
According to O.W. Bunker Canary Islands' managing director Miguel Fernández Junco ?the tankers are performing extraordinarily well ?We now have not only safer double-hull vessels but also faster tankers, higher pumping rates, better manoeuverability and state-of-the-art bunkering, blending and quality control equipment,? he was quoted saying.
O.W. Bunker is reportedly investing $100 million to expand its fleet, and Fernández said ?there are plans to bring another smaller vessel into Las Palmas of about 5,000 dwt.?
The newly built in China 6,800 dwt Las Palmas, with a pump rate of 600 metric tonnes (mt) per hour, arrived in Las Palmas in May.
The Romanian 2005-built 8,250 dwt Wappen von Hamburg, with a pump rate of 750 mt per hour, arrived in the region in June.
Fernández pointed out that both vessels are replacing single hulls in advance of IMO and EU directives requiring a phase-out of the older tankers.
Fernández stated that bunkering demand had risen 3% this year compared to last year, but added that ?there were already signs of a slowdown in commercial traffic, including containers and bulks?.