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The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude.

LONDON (Reuters) - The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude.

As Western shipping and maritime services firms steer clear of Russian oil to avoid falling foul of sanctions or harming their reputations, new companies have leapt into the void.

Bureau Veritas (BV), a world leader in testing, inspection, and certification (TIC), has won a contract for the classification of 10 electric ferries on behalf of the Portuguese river passenger operator, Transtejo. The vessels are currently under construction by Gondán Shipyard (Spain) and will come into service between 2022 and 2024. The 10 new sister ...

Bureau Veritas to class 10 all-electric ferries in Portugal June 2, 2021, by Fatima Bahtić Classification society Bureau Veritas will carry out the classification process of ten all-electric ferries after signing the contract with Portuguese river passenger operator, Transtejo. As informed, the vessels are currently under construction at the Gondán Shipyard in Spain and will enter operation between 2022 and 2024. The 40m-long GRP ferries will be powered by 100% electric system featuring a catamaran-type hull optimized to make the most of the 2M...