World News
TOTE Delays LNG Retrofit Projects Due to El Faro Sinking
TOTE Maritime will delay retrofitting its roro/container ship Midnight Sun to run on liquefied natural gas (LNG) due to the sinking of the El Faro earlier this month, LNG World Shipping reports.
Instead, the retrofits will now reportedly take place in winter 2016/2017.
The El Faro, which sunk off the coast of the Bahamas during Hurricane Joaquin, had reportedly been scheduled to replace the Midnight Sun on its West coast route while the ship was being converted.
The original plans reportedly involved docking the Midnight Sun for 90 days at the Keppel Offshore & Marine shipyard in Singapore, where it would have been outfitted with Wärtsilä dual-fuel engines, an LNGPac fuel feed system and two 1,100 cubic metre LNG tanks.
As a result of the delay, the conversion of another ship, the North Star, will also be pushed back one year to winter 2017/2018.
Ship & Bunker reported earlier this month that the El Faro sinking may have been caused by turbulent seas stirring up sediment in the bunker tanks.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 644.50 | 2.50 | 765.00 | 14.00 |
| Rotterdam | 607.50 | 0.50 | 764.50 | 24.50 |
| Houston | 632.50 | 4.00 | 807.50 | 5.00 |
| Fujairah | 650.50 | 1.00 | 882.50 | 6.00 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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