Oil, gas tanker industry responding to demand, contract changes

03/02/1998
Warren R. TruePipeline/Gas Processing Editor Royal Maritime Corp., Liberia, took delivery at yearend 1997 of the Stena Commodore, a 105,750 dwt, LRS-class tanker built by NKK Corp., Tokyo. She represents a class of vessels contracted for or being built to serve anticipated growth in crude-oil shipments from West Africa. The crude-oil tanker Eco Africa, owned by SNAM S.p.A., Milan, was built in 1994 and, at 150,000 dwt, represents the Suezmax classification of vessel especially suited for Mediterranean and West Africa trade. (Photo courtesy SNAM S.p.A., Milan) Steady if slower growth in demand for crude oil and natural gas, low levels of scrapping, and a moderate ne...
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