Manoeuvring Study of Escorted Tankers to and from Kitimat

Total Page:16

File Type:pdf, Size:1020Kb

Manoeuvring Study of Escorted Tankers to and from Kitimat Northern Gateway Pipelines LP Manoeuvring Study of Escorted Tankers to and from Kitimat Real-time Simulations of Escorted Tankers bound for a Terminal at Kitimat Part 1: Executive Summary Final Report FORCE Technology no. 108 – 29930 - ES Version 4.0 FORCE Technology Project No. and Title of Report: FORCE Technology no. 108-29930 ES, Version 4.0 Manoeuvring Study of Escorted Tankers to and from Kitimat Real-time Simulations of Escorted Tankers for a Terminal at Kitimat Executive Summary Client: Client's Ref.: Northern Gateway Pipelines LP Chris Anderson Author(s): Date: January 19th 2010 Naval Architect, M.Sc. Jens Bay and Master Mariner Steffen Schultz Approved by: B Final JCB SSS 19-01-10 A Draft JCB Revision By Checked Approved Date Keywords: Classification: Manoeuvring Simulation Study with VLCC, Aframax and Open Suezmax tankers in ballast and loaded condition escorted by VSP (Voith Schneider Propulsion) tugs. Internal Confidential FORCE Technology, DMI i LIST OF CONTENTS: PAGE: 1. INTRODUCTION ................................................................................................................................................. 3 1.1 FAST-TIME SIMULATIONS .................................................................................................................................. 4 1.2 REAL-TIME SIMULATIONS .................................................................................................................................. 4 1.3 PARTICIPANTS IN REAL-TIME SIMULATIONS ....................................................................................................... 5 2. SCOPE OF WORK ............................................................................................................................................... 6 2.1 PURPOSE AND OBJECTIVES ................................................................................................................................ 6 3. METHODOLOGY ................................................................................................................................................. 7 3.1 FAST-TIME SIMULATION .................................................................................................................................... 7 3.2 MODELLING OF THE KITIMAT AREA .................................................................................................................... 8 3.3 MODELLING OF THE TANKERS AND TUGS ............................................................................................................ 9 3.4 COMBINATION OF ENVIRONMENT PARAMETERS ................................................................................................ 12 3.5 WAVE CONDITIONS ......................................................................................................................................... 13 3.6 SIMULATION METHOD ...................................................................................................................................... 14 3.7 SIMULATION SCENARIOS ................................................................................................................................. 14 3.8 ARREST SIMULATIONS ..................................................................................................................................... 15 3.9 SIMULATION EXECUTION ................................................................................................................................. 15 4. RESULTS ............................................................................................................................................................. 19 4.1 TANKERS’ MANOEUVRING PERFORMANCE ......................................................................................................... 19 4.2 NAVIGATIONAL ROUTES ................................................................................................................................... 25 4.3 PASSING OF TWO TANKERS ............................................................................................................................. 50 4.4 ENVIRONMENT LIMITS FOR SAFE NAVIGATION .................................................................................................. 51 4.5 AREAS OF CHALLENGING NAVIGATION .............................................................................................................. 51 4.6 SAFE SPEED PROFILE FOR TANKERS ................................................................................................................. 52 4.7 SUGGESTED SPEED FOR ASSISTANCE TUGS ....................................................................................................... 52 4.8 BERTHING AND UN-BERTHING AT THE TERMINAL ............................................................................................. 52 4.9 EMERGENCY MANOEUVRES ............................................................................................................................... 53 4.10 SUMMARY OF ARREST DATA ............................................................................................................................. 54 4.11 ARREST WITH SHIP ENGINE AND A 100 T BP VSP ESCORT TUG ....................................................................... 54 4.12 ARREST WITH SHIP ENGINE AND A 125 T BP VSP ESCORT TUG ....................................................................... 55 4.13 ARREST WITH SHIP ENGINE ONLY .................................................................................................................... 55 4.14 ARREST WITH ESCORT TUG ONLY..................................................................................................................... 56 5. CONCLUSIONS AND RECOMMENDATIONS ........................................................................................... 57 5.1 ENTERING THE KITIMAT AREA FROM OPEN WATERS ......................................................................................... 57 5.2 APPROACH VIA PRINCIPE CHANNEL ................................................................................................................. 57 5.3 APPROACH VIA CAAMAÑO SOUND .................................................................................................................... 57 5.4 PASSING AND CROSSING SHIP TRAFFIC ............................................................................................................ 58 5.5 BERTHING AND UN-BERTHING MANOEUVRES .................................................................................................... 59 5.6 EMERGENCY MANOEUVRES ............................................................................................................................... 59 5.7 RECOMMENDATIONS FOR ADDITIONAL AIDS TO NAVIGATION ........................................................................... 59 5.8 PROSPECTIVE VESSEL HOLDING AREA .............................................................................................................. 59 6. REFERENCES ..................................................................................................................................................... 61 108-29930 Northern Gateway Pipelines LP JCB/SSS FORCE Technology, DMI 1 List of tables Table 3-1 Main particulars for the tankers used in this study. 9 Table 3-2 Main particulars for the traffic ships used in this study. 10 Table 3-3 Main particulars for the tugs used in this study. 11 Table 3-4 Typical example of a run list from one (R-T) simulation session with weather conditions number of tugs used and assisted ship type. 14 Table 4.1 Stop distances of 3 tanker types in ballast and loaded condition with an initial speed of 8 knots or 12 knots using ship engine only, tug only and both ship engine and tug. The tug had a bollard pull of 100 t. 55 Table 4.2 Stop distances of 3 tanker types in ballast and loaded condition with an initial speed of 8 knots or 12 knots using ship engine only, tug only and both ship engine and tug. The tug had a bollard pull of 125 t. 56 List of Figures Figure 1-1 Marine transportation route alternatives. 4 Figure 3-1 Northern (blue line) and Southern (red line) Route used for Fast-Time and Real-Time simulations 7 Figure 3-2 Overview of the approaches to Kitimat. 8 Figure 3-3 Ebb Current conditions in Wright Sound, Lewis Pass, Otter Channel, Whale Channel, Squally Channel and Nepean Sound 12 Figure 3-4 Wind from SE around Gill Island and surrounding area. The arrows shown the direction and speed of the wind at different location with a prevailing wind from SE. Note: How the wind changes direction and speed due to the mountainous terrain. 13 Figure 3-5 View from the simulator bridge on board a 200,000 dwt tanker. The terminal and a VLCC tanker along side can be seen left to centre 15 Figure 3-6 View from the simulator bridge showing the navigational equipment and control handles for the engine and rudder. 16 Figure 3-7 A tug master in front of one of the tug simulators used in the study. Note: On the visual view you can see the tow line that is connected from the tug’s bow to the tanker’s bow. This photo was taken in connection with a berthing manoeuvre close to the oil terminal 16 Figure 3-8 View from a tanker showing visual view of assisting ASD tug. 17 Figure 3-9 View of a loaded tanker and an escort tug in Douglas Channel 17 Figure 3-10 same as above, but seen from the escort tug. 18 Figure 3-11 A tug master towing in indirect escort mode on tug bridge “H” - a 360 degree field of view
Recommended publications
  • AFRAMAX Tanker Design
    The Society of Naval Architects and Marine Engineers (SNAME) Greek Section – Technical Meeting 15. March 2012, Athens HOLISTIC SHIP DESIGN OPTIMISATION: Theory and Applications by Apostolos Papanikolaou National Technical University of Athens - NTUA Ship Design Laboratory – SDL http://www.naval.ntua.gr/sdl A. Papanikolaou HOLISTIC SHIP DESIGN OPTIMISATION 1 List of contents 1. Introduction to Holistic Ship Design Optimisation • Important Design Optimization Notions • Holistic Optimisation Methodology 2. Optimization of RoPax ships – Case study • Projects ROROPROB (2000-2003) and EPAN-MET4 (2004-2007) 3. Optimisation of High-Speed vessels • Project FLOWMART (2000-2003) 4. Holistic Optimisation of Tanker Ships – Projects SAFEDOR and BEST (2005-2011) • Multi-objective Optimization of Tanker Ships • Case study-reference ship • Alternative configurations • Discussion of results 5. Conclusions- The Way Ahead A. Papanikolaou HOLISTIC SHIP DESIGN OPTIMISATION 2 Important Design Optimization Notions (1) • Holism (from Greek όλος, meaning entire, total)-holistic The properties of a system cannot be determined or explained by looking at its component parts alone; instead of, the system as a whole determines decisively how the part components behave or perform. “The whole is more than the sum of the parts” (Aristotle Metaphysics) • Reductionism-reduction: is sometimes interpreted as the opposite of holism. “A complex system can be approached by reduction to its fundamental parts” • Holism and reductionism need, for proper account of complex systems, to be regarded as complementary approaches to system analysis. • Systemic and analytical approaches are also complementary and strongly related to holism and reductionism • Risk (financial): “A quantifiable likelihood of loss or of less-than-expected returns” • Risk (general): “A quantifiable likelihood of loss of an acceptable state or of a worse-than-expected state condition” • Safety: may be defined as “An acceptable state of risk” A.
    [Show full text]
  • Weekly Market Report
    GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ 07666 (201) 907-0009 September 24th 2021 / Week 38 THE VIEW FROM THE BRIDGE The Capesize chartering market is still moving up and leading the way for increased dry cargo rates across all segments. The Baltic Exchange Capesize 5TC opened the week at $53,240/day and closed out the week up $8,069 settling today at $61,309/day. The Fronthaul C9 to the Far East reached $81,775/day! Kamsarmaxes are also obtaining excellent numbers, reports of an 81,000 DWT unit obtaining $36,500/day for a trip via east coast South America with delivery in Singapore. Coal voyages from Indonesia and Australia to India are seeing $38,250/day levels and an 81,000 DWT vessel achieved $34,000/day for 4-6 months T/C. A 63,000 DWT Ultramax open Southeast Asia fixed 5-7 months in the low $40,000/day levels while a 56,000 DWT supramax fixed a trip from Turkey to West Africa at $52,000/day. An Ultramax fixed from the US Gulf to the far east in the low $50,000/day. The Handysize index BHSI rose all week and finished at a new yearly high of 1925 points. A 37,000 DWT handy fixed a trip from East coast South America with alumina to Norway for $37,000/day plus a 28,000 DWT handy fixed from Santos to Morocco with sugar at $34,000/day. A 35,000 DWT handy was fixed from Morocco to Bangladesh at $45,250/day and in the Mediterranean a 37,000 DWT handy booked a trip from Turkey to the US Gulf with an intended cargo of steels at $41,000/day.
    [Show full text]
  • Tanker Orders Turn to Bulkers
    4 TradeWinds 19 October 2007 www.tradewinds.no www.tradewinds.no 19 October 2007 TradeWinds 5 DRY BULK DRY BULK More older Dollar signs tankers set for Capesize market hopping Tanker Trond Lillestolen Oslo sizes from NS Lemos of Greece start to erase and says one of the ships, the conversion The period-charter market for 164,000-dwt Thalassini Kyra capesizes was busy this week (built 2002), has been fixed to old stigmas Trond Lillestolen and Hans Henrik Thaulow with a large number of long-term Coros for 59 to 61 months at Oslo and Shanghai deals being done. $74,750 per day. Gillian Whittaker and Trond Lillestolen Quite a few five-year deals Hebei Ocean Shipping (Hosco) Athens and Oslo The rush to secure dry-bulk ton- orders have been tied up. One of the has fixed out two capesizes long nage is seeing more owners look- most remarkable was Singapore- term. The 172,000-dwt Hebei The hot dry-bulk market is ing to convert old tankers. based Chinese company Pacific Loyalty (built 1987) went to Old- closing the price gap for ships BW Group is converting two King taking the 171,000-dwt endorff Carriers for one year at built in former eastern-bloc more ships, while conversion Anangel Glory (built 1999) from $155,000 per day and Hanjin countries. specialist Hosco is acquiring the middle of 2008 at a full Shipping has taken the 149,000- Efnav of Greece is set to log a even more tankers and Neu $80,000 per day. The vessel is on dwt Hebei Forest (built 1989) for massive profit on a sale of a Seeschiffahrt is being linked to a turn to charter from China’s Glory two years at $107,000 per day.
    [Show full text]
  • Weekly Market Report
    Weekly Market Report th Issue: Week 18 |Tuesday 11 May 2021 Market insight by Nassos Soulakis, SnP Broker Chartering (Wet: Softer / Dry: Firmer) Tanker S&P is finally back! Exceptional gains for the dry bulk owners for another week, with the Pana- For an extended period, Dry bulk & Wet market rates have been diverging, with max sector taking the lead in terms of w-o-w improvement followed by the the SnP deals on each sector more or less tracking the market trend. However, Capesize outstanding performance. Geared size rates have been on a rise as since April, this trend appears to be revoked; despite a lackluster tanker freight well. The BDI today (11/05/2021) closed at 3,254 up by 97 points compared market, tanker SnP transactions gained pace tracking the bulkers volumes. It is to previous Tuesday’s (04/05/2021) levels. Rates for the crude carrier sec- interesting to note, that older tankers units attracted the majority of SnP inter- tors remained at disappointing levels for another week with Far Eastern est, contrary to bulkers, where the majority of transactions took place for 10Y old holidays adding to the overall sluggishness of the market. The BDTI today units and younger. Record high steel prices are supporting asset values across (11/05/2021) closed at 606, an increase of 4 points, and the BCTI at 504, an the board, despite the tanker market underperforming, with owners positioning increase of 42 points compared to previous Tuesday’s (04/05/2021) levels. for a market recovery, while older units are still relatively undervalued.
    [Show full text]
  • Weekly Shipping Market Report Week 45
    WEEKLY SHIPPING MARKET REPORT WEEK 45 Week 45 (30th Oct to 6th Nov 2020) Bulkers Baltic Indices Defender Holding have sold their Capesize “True Dream” 181/2014 Bulkers Tsuneishi Cebu, Philippines (SS/DD 04/2022) for USD 27 mill. Remind you 5.000 that a month ago, the two years older sister vessel “Huge Hakata” 181/2012 4.000 Tsuneishi Cebu, Philippines (SS 09/2021, DD 05/2021) was sold at USD 23 mill. Moreover, Noble Group committed their “Aqua Vision” 180/2011 3.000 Dalian, China (SS/DD 09/2021) to Greek buyers Lavinia for region USD 15,75 2.000 mill, while CSSC Shipping’s “CSSC Wan Mei” 176/2012 SWS, China (SS/DD 11/2022) was committed to Berge Bulk for USD 18,3 mill. 1.000 0 The BWTS fitted Kamsarmax “Mild Sea” 82/2013 Qingdao Beihai, China (SS 01/2023, DD 12/2020) was committed to undisclosed buyers for USD 14 mill, with last similar sale the two years younger “SBI Conga” 81/2015 B.D.I B.C.I B.P.I. B.S.I. B.H.S.I. Hudong-Zhonghua, China which was sold a month ago at USD 18,4 mill basis SS/DD passed and BWTS fitted. In addition, MC Shipping’s “Gemini Ocean” 81/2017 JMU, Japan (SS/DD 02/2022) was sold for region USD 25 mill. Last INDEX 6-Nov 30-Oct ± (%) done for the latter was a month ago, the one year younger sister vessel “BTG BDI 1.196 1.283 -6,78% Eiger” 81/2016 JMU, Japan (SS/DD 01/2021) at USD 23,5 mill.
    [Show full text]
  • Tolls Calculation Guide for Panamax Tanker Vessels Panamax Tanker Toll Structure Remains in PC/UMS Bands
    Tolls Calculation Guide for Panamax Tanker Vessels Panamax Tanker toll structure remains in PC/UMS bands: Tariff for Panama Canal Net Tonnage PC/UMS Total Toll Example #1: Laden Panamax Tanker – 40,000 DWT = 18,490 PC/UMS * laden tariff 10,000 PC/UMS x $5.50 = $55,000.00 8,490 PC/UMS x $5.39 = $45,761.10 $100,761.10 $100,761.10 Multiplying by $5.50 the first 10K PC/UMS tons + Total Toll multiplying by $5.39 the rest PC/UMS tons, results in Total Toll Example #2: Ballast Panamax Tanker 40,000 DWT = 18,490 PC/UMS * ballast tariff 10,000 PC/UMS x $4.55 = $45,500.00 8,490 PC/UMS x $4.39 = $37,271.10 $82,771.10 $82,771.10 Multiplying by $4.55 the first 10K PC/UMS tons + Total Toll Multiplying by $4.39 the rest PC/UMS tons, results in Total Toll For further details about toll structure please refer to: • The Panama Canal Tolls Structure Source: http://www.pancanal.com/peajes/pdf/tolls-proposal-2015.pdf • Tolls tables Source: http://www.pancanal.com/peajes/ApprovedTollsTables-v2.pdf • Toll Calculator Source: https://peajes.panama-canal.com/ppal.aspx Tolls Calculation Guide for Neopanamax Tanker Vessels Neopanamax Tanker toll structure is composed of: Fixed tariff for Panama Canal Net Tonnage Variable tariff for metric tons of (PC/UMS) cargo transported Total tolls Metric Tons (MT) of cargo= Example #1: Laden Aframax Tanker – 100,000 DWT = 46,136 PC/UMS + 60,000 cargo tons * laden tariff 10,000 PC/UMS x $5.58 = $55,800.00 20,000 MT x $0.34 = $6,800.00 10,000 PC/UMS x $5.40 = $54,000.00 20,000 MT x $0.22 = $4,400.00 15,000 PC/UMS x $5.51 = $82,650.00
    [Show full text]
  • The Potential Impacts of the Panama Canal Expansion on Texas Ports Final Report
    The Potential Impacts of the Panama Canal Expansion on Texas Ports Final report PRC 17-78 The Potential Impacts of the Panama Canal Expansion on Texas Ports Texas A&M Transportation Institute PRC 17-78 January 2018 Authors Jolanda Prozzi Sarah Overmyer Copies of this publication have been deposited with the Texas State Library in compliance with the State Depository Law, Texas Government Code §441.101-106. 2 Potential Impacts of Panama Canal Expansion on Texas Ports The 2016 expansion of the Panama Canal allows significantly larger cargo ships traveling from East Asia to access the U.S. Gulf and East Coasts via an all-water route, which is typically the least costly way to transport goods. This study sought to examine the potential impacts specifically on Texas sea ports. • The Port of Houston has predicted an increase in traffic in the long-term due to the Panama Canal expansion, expecting that the newly deepened Port will attract heavier or larger vessels to unload there. Other Gulf Coast ports also expect an increase. Expanded channels have been approved for the Ports of Brownsville, Corpus Christi, Freeport, and the Sabine-Neches Waterway, but no funding has been appropriated to these projects. • To date, the greatest impact of the expansion appears to be associated with tankers, especially for liquefied petroleum gas (LPG) and liquefied natural gas (LNG). Some 86 percent of the world’s LNG fleet can now pass through the Canal, compared to only 8 percent before the expansion. • Prior to the expansion, about 40 ships passed through the Canal each day.
    [Show full text]
  • Ship Types & Sizes
    The Source for Maritime Information and Insight Chris Pålsson, Director, IHS Fairplay Copyright © 2011 IHS Inc. All Rights Reserved. 1 Size matters Copyright © 2011 IHS Inc. All Rights Reserved. 2 Endorsed by the IMSF 2011 Copyright © 2011 IHS Inc. All Rights Reserved. 4 Basis for size categories • Dimensional limitations – Passages, straits, canals, bridges, locks….. • Operational – Rate setting mechanisms – Cargo batch sizes – Type of service – Range of service – ….. Copyright © 2011 IHS Inc. All Rights Reserved. 5 Lingo • Handysize, small/large • VLCC • Handymax, large • ULCC • Supramax • VLGC • Panamax, sub/post/new • Feeder • Kamsarmax • ULCS • Capesize, mini • Seawaymax • VLOC • Chinamax • MR, small/large • Q-max • Aframax • Säfflemax • Suezmax • …. Copyright © 2011 IHS Inc. All Rights Reserved. 6 Dimensional limitations Copyright © 2011 IHS Inc. All Rights Reserved. 7 Panama Canal Panamax – L 294.1 m – B 32.3 m – D 12.04 m – H 61.3 New Panamax – L 366 m – B 49 m – D 15.2 m Copyright © 2011 IHS Inc. All Rights Reserved. – H 61.3 8 Suez Canal Suez Canal Bridge Shohada 25 January Bridge Egyptian-Japanese Friendship Bridge Max draft: 20.1 m, Max height: 68 m Copyright © 2011 IHS Inc. All Rights Reserved. 9 The Strait of Malacca Depth 25 m. Max draft 21 m. Copyright © 2011 IHS Inc. All Rights Reserved. 10 St Lawrence Seaway • L 225.6 m (740 feet) • B 23.8 m (78 feet) • D 7.9 m (26 feet) • H 35.5 m (116 feet) Copyright © 2011 IHS Inc. All Rights Reserved. 11 Qatar: Q-max • L 345 m (1,132 ft) • B 53.8 m (177 ft) • H 34.7 m (114 ft) Copyright © 2011 IHS Inc.
    [Show full text]
  • Lecture 11 Ship Types
    Lecture 11 Ship Types SHIP TYPES LECTURE STRUCTURE Section 1 Ship Types Section 2 Tankers Section 3 Dry Bulk Ships Section 4 Breakbulk Ships Section 5 RoRo Ships Section 6 Container Ships Section 7 Specialised Ships SHIP TYPES BY CARGO TYPES Bulk General Trades Cargo Trades Bulk Tanker Breakbulk Container RoRo Carrier Oil Major Tween Wheeled Deep-sea Tanker Bulk Decker Cargo Chemical Minor Multi- Car Short-sea Tanker Bulks Purpose Carrier Food Reefer Tankers LNG Palletised SHIP TYPES WORLD FLEET World Fleet 2000 and 2008 (million dwt) >6,600 ships 2000 2008 Source: UNCTAD, 2002, 2004, 2009 SHIP TYPES BULK CARGO Cargo Large homogeneous consignments Same cargo Consignment fills a complete ship or hold Simple stowage requirements Shipment details Small number of shippers Cargo loaded near location of origin Cargo discharged near destination Port-to-port contracts SHIP TYPES GENERAL CARGO - CHARACTERISTICS Insufficient to fill a ship or hold Large numbers of shippers Small diverse consignments Difficult stowage requirements Often onward hinterland move(s) Multi-port itineraries Primarily container, breakbulk and roro SHIP TYPES BREAKBULK Low handling rates Highly labour intensive High cost operations Very low productivity High freight rates Long delivery times Poor cargo quality control Constraint on trade SHIP TYPES BREAKBULK – STANDARD UNITS Pallets Paper Tonne Bags Coils Pallets SHIP TYPES SHIP DESIGN & VOYAGE TYPE Different types of voyage (journey) Deep-sea v Short-sea Mainline v Feeder Coastal v Short sea Coastal v River It is not the
    [Show full text]
  • Freight Rate Volatility and Vessels Size in Tankers' Sector
    Munich Personal RePEc Archive Freight Rate Volatility and Vessels Size in Tankers’ Sector Skantzouri, Efthymia Nefeli and Sambracos, Evangelos Department of Economics, University of Piraeus 2018 Online at https://mpra.ub.uni-muenchen.de/97896/ MPRA Paper No. 97896, posted 28 Jan 2020 14:24 UTC Freight Rate Volatility and Vessels Size in Tankers’ Sector Efthymia Nefeli Skantzouri1, Evangelos Sambracos2, (1)Economist, Graduate Student in University of Piraeus, (2)Professor, Economics of Transport and Sustain Mobility Laboratory Department of Economics, University of Piraeus [email protected] & [email protected] Abstract This current dissertation deals with freight rate volatility in tankers’ sector. This sector, like other sectors in shipping industry consists of four markets. Three of them refer to vessels and one refers to freight rates. Consequently, based on shipping industry circumstances and on general circumstances in economy, freight rates level is characterized by some volatility which varies according to vessels size and whether freight is traded on spot market or on time-charter market. This paper investigates the tanker sector and whether the volatility of freight differentiated between markets and between different ship sizes. Moreover, seasonality is studied together with the effect of the global economic crisis in the volatility of freight rates. Keywords: Shipping, Freight Rates, Prices Volatility, Crisis effect, seasonality 1. Introduction The tanker sector is about crude oil transportation, as well as all oil products in general. The transportation begins from the countries which manufacture these products to the rest of the world. It should be noted that, according to Stopford (1997), there are other products of liquid form as well, like chemicals, liquefied gas etc., which are also transported with the tanker fleet.
    [Show full text]
  • TANKER MARKET INSIGHT August 2018 Research Department, Teekay Tankers Monthly Summary Surprising Rate Volatility During July, Though Spikes Proved to Be Short-Lived
    TANKER MARKET INSIGHT August 2018 Research Department, Teekay Tankers Monthly Summary Surprising rate volatility during July, though spikes proved to be short-lived July review: The crude tanker spot market saw some surprising strength in July as both VLCC and Atlantic Aframax rates rose to 9-month highs. It is encouraging that tanker rates are exhibiting some volatility in what is usually the weakest part of the year for tanker rates, though any such volatility is typically short-lived and rates remain well below long-term average levels. VLCC rates saw a surprising kick up to $15,000 / day at the end of July / beginning of August, spurred by higher Saudi exports, an increase in WAF-Asia movements, and lower bunker prices. Suezmax rates remained steady at $11-12,000 / day for the third straight month while Atlantic Aframax rates hit a 9-month high as rates in the MED / Black Sea briefly spiked to $20-25,000 / day. LR2 rates held steady during July, but declined at the beginning of August counter to normal seasonality (Q3 is typically a strong quarter for LR2 spot rates). August outlook: Tanker demand is expected to weaken in Aug / Sept as we pass peak summer demand and as refineries gear up for fall maintenance programs. A decrease in Chinese imports of US crude and a reduction in Iranian exports ahead of US sanctions in November could further dampen tonne-mile demand in the coming months. However, this may be offset to an extent by higher exports from Saudi Arabia and other Middle East Gulf nations (Iraq, UAE, Kuwait).
    [Show full text]
  • Existing Design Trends for Tankers and Bulk Carriers - Design Changes for Improvement of the EEDI in the Future
    View metadata,Downloaded citation and from similar orbit.dtu.dk papers on:at core.ac.uk Dec 20, 2017 brought to you by CORE provided by Online Research Database In Technology Existing Design Trends for Tankers and Bulk Carriers - Design Changes for Improvement of the EEDI in the Future Kristensen, Hans Otto Holmegaard; Lützen, Marie Publication date: 2012 Link back to DTU Orbit Citation (APA): Kristensen, H. O. H., & Lützen, M. (2012). Existing Design Trends for Tankers and Bulk Carriers - Design Changes for Improvement of the EEDI in the Future. Paper presented at IMDC2012, Galsgow, United Kingdom. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. Existing Design Trends for Tankers and Bulk Carriers - Design Changes for Improvement of the EEDI in the Future Hans Otto Holmegaard Kristensen1 and Marie Lützen2 ABSTRACT To get an idea of the reduction in propulsion power and associated emissions by varying the speed and other ship design main parameters, a generic model for parameter studies has been developed.
    [Show full text]