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Sulnox Group PLC

  • AQSE:SNOX
  • OTCQX:SNOXF

Sulnox announces planned fleet-wide expansion with Spring Marine across 28 vessels

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At a glance

Company
Sulnox Group PLC
Listings
AQSE:SNOX, OTCQX:SNOXF
Announcement type
Operational update
Published
Source announcement
sulnoxgroup.com
Key figures
Measure Figure Period
Fleet 28 Tankers and Bulk Carriers Not stated
Fuel savings 5% Over two years
Combined fleets c. 6,000 vessels Not stated

Figures are quoted from this announcement and selected automatically.

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

Sulnox announced that Spring Marine Group is expanding its use of Sulnox Eco across its entire fleet.

  • Spring Marine operates a fleet of 28 Tankers and Bulk Carriers.
  • Spring Marine first introduced Sulnox Eco on some vessels in 2023 and is extending its use to vessels under charter.
  • Two-year evaluations using Coriolis mass flow meters, torque meters and engine monitoring systems showed fuel savings averaging 5% and SFOC reductions.
  • Based on current plans, Sulnox estimates annual Spring Marine product use could reach around 80,000 liters per annum as rollout progresses.
  • Onboard crews reported cleaner combustion components, injectors, efficiently operating purifiers and consistently clean exhaust with no visible black smoke.

Spring Marine said the drop-in solution required no capex or time in dry dock. Sulnox said charterers bear fuel costs and benefit from reduced voyage costs and improved profit margins.

Investor FAQs

Sulnox announced that Spring Marine Group is expanding its use of Sulnox Eco across its entire fleet. Spring Marine operates 28 Tankers and Bulk Carriers and first introduced the product on a number of vessels in 2023.

Source announcement

Company
Sulnox Group PLC
Title
Spring Marine Fleet-Wide Adoption on 28 vessels
Published
Source site
sulnoxgroup.com

Read the source announcement on sulnoxgroup.com

FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

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