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An ore-bulk-oil carrier, also known as combination carrier or OBO, is a ship designed to be capable of carrying wet or dry cargoes. The idea is to reduce the number of empty (ballast) voyages, in which large ships only carry a cargo one way and return empty for another.
These are a feature of the larger bulk trades (e.g. crude oil from the Middle East, iron ore and coal from Australia, South Africa and Brazil).The Russian word for “ore-bulk-oil carrier”, nefterudovoz (нефтерудовоз, literally “oil/ore carrier”), in combination with a number, is often used as a proper name for a ship,
The idea of the OBO was that it would function as a tanker when the tanker markets were good and a bulk/ore carrier when those markets were good. It would also be able to take “wet” cargo (oil) one way and “dry” cargo (bulk cargoes or ore) the other way, thus reducing the time it had to sail in ballast.
An OBO vessel (ore/bulk/oil) is a vessel which can carry cargo in both liquid and dry form, and a typical use is alternation between transportation of crude oil and coal. A vessel of this type is also known as a PROBO (product/ore/bulk/oil) carrier or a combination carrier.
The Global Ore Bulk Oil Carrier market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Anglo American’s First Ore Bulk Oil Carrier Dual-fuel Bulk Carrier Enters Service
Mining company Anglo American announced that its newly launched liquefied natural gas (Ore Bulk Oil Carrier) dual-fueled Capesize+ vessel, the Ubuntu Harmony, has loaded its first cargo of iron ore from its Kumba operations in South Africa.
The 190,000 tonne bulk carrier, flagged in Singapore, is the first of 10 Ore Bulk Oil Carrier dual-fueled newbuilds that Anglo American will introduce to its chartered fleet during the course of 2023 and 2024, delivering an estimated 35% reduction in CO2 emissions compared to ships fueled by conventional marine oil fuel.
The use of Ore Bulk Oil Carrier will also lead to a significant reduction of nitrogen oxides and particulate matter from vessel exhausts, while new technology also eliminates the release of unburnt methane.
Anglo American aims to achieve carbon-neutrality for its controlled ocean freight by 2040 – with an interim target to reduce emissions from these activities by 30% by 2030 – as part of the company’s wider ambition to halve Scope 3 emissions by 2040.
