BW is one of the largest commercial owners of Long Range 1 (LR1) and Medium Range (MR) Product Tankers.
These vessels carry cargoes such as naphtha, gasoline and jetoil. BW’s strong relations with customers allow us to maximise vessel utilization by strategically positioning our ships to take advantage of less-predictable route requirements arising through arbitrage opportunities, as well as longer haul clean product trading routes.
LR1 Product Tankers
BW's LR1s are built at STX Offshore and Shipbuilding in South Korea. The newbuildings feature fuel-efficient equipment with GType main engine optimised with new propeller designs. These vessels have high cargo capacity, and offer flexible geographical trades with high mooring systems.
LR1 Product Tankers measure 228m in length, are 74,300 DWT, travel at approximately 14.5 knots, and have MAN B&W (Tier II) engines.
MR Product Tankers
BW's MRs are built at SPP Shipyard in South Korea. The newbuildings feature high-spec fuel-efficient designs and have strengthened hulls and increased cargo area. They are all in full compliance with upcoming new environmental regulations.
MR Product Tankers are smaller than LR1 Product Tankers. They measure 183m in length, are 50,300 DWT, travel at approximately 14.5 knots, and have MAN B&W (Tier II) engines.