Sunday, February 25, 2024

Furetank reaches milestone with new vessel orders: entire fleet renewed

Furetank adds another two Vinga vessels to the order line, marking a milestone for the shipping company. Upon delivery, Furetank’s fleet will consist entirely of environmentally proven, top standard vessels with an average age of two years. ”We did our homework. This development towards sustainability has been an amazing journey”, says CEO Lars Höglund.

The vessels are number 20 and 21 in the Vinga series of intermediate size product tankers and will be fully owned by Furetank Rederi AB. They will replace older tonnage, meaning that all vessels in the Furetank fleet will be of the best-in-class emission-saving Vinga design.

Fleet completely renewed

The Vinga series has been rapidly expanded in the last few years, since the ships have been very well received in the market. The technology has proven to be robust and efficient, meeting all expectations.

– We are very happy to reach this point on our journey, operating only ships with the latest emission-saving technology. We have done our homework. When these vessels arrive, the average age of our fleet will be less than two years. Since the introduction of the Vinga series in 2018, Furetank has developed into a substantially larger shipping company with our focus set on environmental progress. It has been an amazing journey, says Lars Höglund, CEO of Furetank.

Continuous technical progress

The green technology on board is developed and refined with the construction of each new vessel. The latest addition is two methane slip reducing technologies, a Greenhouse Gas (GHG) reduction package and Low Load Optimization package, co-developed by Wärtsilä and Furetank.

They will be implemented in all upcoming vessels and retrofitted into existing Vinga ships. Tests performed both in the factory and on board show a methane slip reduction of an impressive 45-50 per cent.

Meeting future biofuels demand

The Vinga series is designed for the intense and demanding trade in the North Sea and Scandinavia, well suited to meet the growing European demand for biofuels and renewable feedstocks.

– Our customers are becoming more environmentally conscious and placing greater importance on reducing the climate footprint of their entire supply chain. With a large fleet of energy efficient vessels, we can offer better service to customers and optimize the fleet trading pattern, reducing our climate impact even further, says Lars Höglund.

The two ships will be constructed at the China Merchants Jinling Shipyard in Yangzhou, China, with delivery expected in the end of 2026 and beginning of 2027. They will be entered into the Gothia Tanker Alliance and operated by Furetank out of Gothenburg, flying the Swedish flag. This brings the Vinga vessel series to a total of 21 ships, out of which 19 will be commercially managed and 14 fully operated by Furetank.

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