Submarinergy is delievering 5 crude floating storage unit(CFSU) in MAY Composite material ship building company submarinergy is delievering its first 5000 ton crude floating storage unit(CFSU). These CFSU stores and carries crude oil in the sea.
As the 05 crude commodity dropped to -37 usd bbl. Owning a 5000 ton cfsu, not only get the owner 35000bbl crude for free (valued 3.5M usd), but also gain 1.3 M usd cash for storing the crude oil.
As the storage capacity is running out globally, rarely did any trader takes advantages of negative oil price as none has crude storage capacity. The cfsu by submarinergy will help its client with the opportunity.
Submarinergy is founded by a group material scientist inventing composite material 25 times stronger than same weight of steel. Early application includes building one off building planet zero.
The non metal material last more than 50 years in crude and sea water environment.
The unique building technology finishes ship building in a few weeks, which is dramatically shorter compare to 3 years building time of vlcc storage.
submarinergy is discussing with DNV GL and CCS to ensure the ocean navigation works well and competitively.
Submarinergy is offering 5 years leasing and purchase contract with its clients. Submarinergy is also planing its 40,000 ton cfsu delievering.
Crude dealer, trader and clients need crude storage may contact