World News
Volga Shipping Gleans 5.6 Percent Bunker Savings Through Efficiency Initiative
Volga Shipping has announced that the first stage of its energy-saving programme has improved the fuel consumption by 5.6 percent, or 0.28 tonnes per vessel day.
The initiative, which was established in 2012, is said to have placed a focus on vessel high-quality fleet repair, with the company's Volgo-Don type vessels having received hull cleaning and anti-fouling coatings to "significantly" reduce fuel and lubricants consumption.
Volga Shipping says such measures have resulted in a 10 percent reduction in fuel consumption for those vessels covered under these repair efforts.
Ten of the company's RSD44 vessels and six Volgo-Don type vessels have been equipped with monitoring systems to control onboard fuel use and operational modes, with three more vessels of the Volgo-Don type and a pusher tug having been slated to receive the systems by early this year.
Also under the initiative, the company says its RSD44 dry cargo vessels and pusher tugs have been equipped with bifuel systems, with modern chemical fuel additives used to support efficient use of heavy fuels - a solution the company says reduces fuel consumption and emissions.
"Within the framework of the Collective Labor Contract obligations (of the energy-saving program) the Volga Shipping Company proceeded with the practice of awarding crews for careful and economical fuel consumption," explains Volga Shipping.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 628.00 | 1.00 | 736.50 | 0.50 |
| Rotterdam | 569.00 | 10.00 | 730.50 | 23.00 |
| Houston | 591.00 | 3.50 | 770.50 | 6.00 |
| Fujairah | 626.50 | 4.50 | 886.50 | 5.00 |
| Global 20 Ports Average | 644.00 | 2.00 | 825.50 | 0.00 |
| Global 4 Ports Average | 603.50 | 0.50 | 781.00 | 3.00 |
| Global Average Bunker Price | 700.00 | 0.00 | 883.50 | 0.50 |
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