Shipping & Ports
Owners Expand Vinga Tanker Series with Four-Ship Order at China Merchants
A consortium of European and Canadian shipowners has placed an order for four product tankers in China, expanding the Vinga vessel series to 26 ships.
A coalition of four shipowners based in Europe and Canada has placed an order for four product tankers at China Merchants. The contract brings the total number of vessels in Furetank's Vinga series to 26.
Two of the 17,999 dwt newbuildings have been earmarked for FureBear, an equal joint venture between Sweden's Furetank and Canada's Algoma Central Corporation.
A third tanker will join the fleet of Swedish owner Älvtank, with the remaining unit linked to a Norwegian shipping firm under the multi-owner newbuilding agreement.
Source attribution
This report was written by the Global Freight editorial desk based on material published by Splash 247. It is an original summary and analysis, not a reproduction of the source text. Figures and claims are limited to those present in the source material.
Multi-owner tanker order lands at China MerchantsGlobal Freight Briefing
The commodity and freight brief, twice weekly
Concise coverage of fuel oil, energy trading and shipping markets for professional readers. No promotional content.
Related coverage
Related blogs
Further reading across commodity trading, energy and oil markets, fuel oil and shipping logistics.
- Shipping & Ports
Four New VINGA Product Tankers Ordered by Nordic and Canadian Owners
A consortium of shipowners from Sweden, Norway, and Canada has contracted four VINGA product tankers for delivery across 2028 and 2029.
- Shipping & Ports
Hafnia Exits Andromeda Tanker Joint Venture With $13.3m Profit
Product tanker operator Hafnia has sold its 50 percent stake in two MR tankers held via a joint venture with Andromeda Shipping.
- Market Intelligence
RINA Introduces Mermaid Propulsion Design to Cut Vessel Fuel Use and Emissions
Classification society RINA has launched a propulsion concept called Mermaid, engineered to cut vessel emissions and reduce reliance on auxiliary engines.
- Market Intelligence
European LNG Prices Surge to Highest Point Since 2023
Liquefied natural gas prices in Europe have climbed to their highest levels since 2023 following shipment disruptions and depleted storage reserves.
- Commodity Trading
Alkagesta joins the Platts EMEA naphtha physical Market on Close process
Approval to participate in the S&P Global Commodity Insights benchmark process follows an editorial review of the trading house's European naphtha activity.
- Energy Trading
Alkagesta adds EU ETS allowances to its carbon trading offering
The Malta-based commodity trading group has extended its carbon markets desk to cover EU Emissions Trading System allowances alongside CORSIA-eligible SAF and biofuels.