MOL said the Shofu Maru saved about 5%-8% on fuel per voyage.
The route is almost twice shorter than other sea routes from Europe to the Far East.
The unnamed tanker has been identified as regularly carrying cargo from pariah states such as Venezuela and Russia.
Greenergy Ocean is the first in a line of six vessels the line is launching under an agreement with China.
Uncertainties in the macroeconomic environment could continue to cause fluctuations in the market.
A floating pier has been constructed to assist with the US Navy’s delivery of food to the conflict-torn region.
The causeway has been closed while investigators assess the scene.
The suspects are expected to stand trial for their attack on a commercial tanker in the Gulf of Aden last week.
The new-build will replace the pollution control vessel, which has reached its operational lifespan.
"Naturally, this surge in claims has a ripple effect on premiums." – Mike Brews of Horizon Underwriting Managers.
A new study by the Global Maritime Forum highlights the economic stimulus of transitioning to e-fuels.
The suspects engaged in a gun battle with a commercial tanker off the coast of Somalia.
Longer route via the Cape helps manage capacity.