In addition to the implementation of a stricter slow steaming policy, the Belgian tanker owner says it will continue to apply measures to reduce the fuel consumption of VLCCs and suezmaxes that trade in the spot market.

After retrofitting one of its ships with a Mewis Duct, a device designed to improve propeller efficiency, Euronav found the system to be one of the most effective ways of improving energy savings and intends to apply the same technology to at least four of its suezmaxes later this year.

“Furthermore