Tankers Archive

July 28th 2017

Deadlines for BWTS installation Which ships, when?

This week we pondered on two issues relating to the timing of Ballast Water Treatment Systems (BWTS) installation. One concerned how old vessels would be when they were eventually required to install BWTS to comply with US rules on ballast water discharge. The other tried to identify which tankers were affected by the IMO’s recent relaxation of its deadline for installing BWTS. The first we can answer accurately, but only partially. The second remains frustratingly elusive.

July 14th 2017

Electric Vehicles Charging up

The share of electric vehicles (EV) in today’s passenger vehicle fleet is small. According to the IEA, they represent 0.2% of light-duty vehicles. These EVs rely heavily on government subsidies; they lack the driving range and physical size that much of the market currently demands; the batteries that power them face severe production capacity constraints. But none of this stops oil analysts worrying about the damage they will do to oil demand. And as each successive government or car manufacturer adds themselves to the list of advocates (most recently Volvo, which last week announced it will only sell new EVs from 2019) those worries mount. When should investors in oil tankers start taking this threat seriously?