Gener8 Maritime has said that increasing operational days on its ECO design very large crude carriers has contributed to its favourable time charter equivalent rates in a relatively weak rate environment.
- Company increased ECO VLCC operating days to 77% in three months compared to 29% in the same period the previous year.
- According to Gener8, ECO VLCCs earned between 10 and 15% more on average daily TCE basis than its non-ECO VLCCs.
- As marine fuels prices have been rising steadily, this has highlighted the fuel efficiency of the ECO design vessels says Gener8.
Read Gener8 Maritime’s financial report and further findings on its website.
Image courtesy of Gener8.
Fathom-News
editor@fathom-mi.com
