Atlantic Majesty: this will be the mega-ship responsible for strengthening Ecopetrol's exports
The Tanker Atlantic Majesty will have a loading capacity of 600,000 barrels of oil. Photo: Courtesy: Ecopetrol
TL;DR
- Ecopetrol has commenced export operations using the Atlantic Majesty, its first exclusively contracted Time Charter vessel.
- The ship will transport 1 million barrels of heavy crude per month to clients in the United States.
- The initial shipment consists of 525,000 barrels of Castilla crude destined for the US Gulf.
- This operation is expected to yield an additional 6.25% profitability for Ecopetrol, with increased operational flexibility and cost efficiency.
- The US market represents 36% of Ecopetrol's total crude exports, averaging 4 million barrels sold monthly.
- The Aframax-class vessel features a 'scrubber' system to reduce its carbon footprint.
- It has a loading capacity of up to 600,000 barrels and will operate under a 4-month contract for export/import operations.