World News
Bomin Linde LNG Signs Time Charter Agreement for World's Largest LNG Bunker Barge
Bomin Linde LNG Wednesday announced that it has secured the largest liquefied natural gas (LNG) bunker supply vessel of its kind through a time-charter contract with shipowner Bernhard Schulte Shipmanagement Ltd. (Bernhard Schulte).
The time-charter contract for the 7,500 m3 LNG bunkering vessel is noted to have been signed on September 30, and will see Bomin Linde LNG use the ship to supply marine customers and small-scale LNG terminals along the Baltic Sea coast.
"The share of LNG as a marine fuel will grow significantly in the Baltic Sea over the next few years. We intend to be at the front, leading the development," said Mahinde Abeynaike, CEO of Bomin Linde LNG.
The time-charter is noted to have been established through a joint venture between Bomin Linde LNG (90 percent), and Klaipėdos Nafta (10 percent).
Bomin Group, the former 50 percent joint venture partner in Bomin Linde LNG, earlier this week said it had sold its stake to JV partner Linde AG (Linde).
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25The new hire was previously a marine fuel trader for Vilma Oil in Madrid from June 2017 to last month. -
Apr 24The arrests were both on Monday.