World News
Maersk May Adopt LNG Bunkers
AP Møller-Maersk (Maersk) is negotiating with energy companies including Russia's Gazprom over the possible use of liquefied natural gas (LNG) as fuel, industry news site ShippingWatch reports.
"LNG is one of several possible alternative solutions going forward, and it's only natural for us to evaluate and discuss these solutions with potential partners and suppliers, such as Gazprom," said Louise Münter, Maersk's head of communications.
Münter said environmental regulations from the International Maritime Organisation (IMO) prompted the shipping giant to talk with a "wide range of potential future partners" about possible means of reducing emissions.
Gazpom is currently the only exporter of LNG in natural gas-rich Russia, a nation where Maersk does a great deal of business in various fields.
In another sign that the industry is moving toward greater use of LNG, environmental consulting company Xyntéo announced a collaboration this week with class society DNV GL, energy major Royal Dutch Shell, and ship operator Cargill to work toward adoption of the fuel for deep sea trades.
A study by Lloyd's Register last year predicted that ship operators would adopt LNG for deep sea shipping within 10 to 15 years.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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