World News
Cargill Charters Fuel-Efficient Ardmore Shipping Vessel
Irish product and chemical tanker company Ardmore Shipping has chartered a newbuild to Cargill Inc. (Cargill) that promises fuel savings of 10 to 15 percent, the company said in an emailed press release.
The ship, the Ardmore Seavaliant, built by SPP Shipbuilding in South Korea, is a 49,999 deadweight tonne (dwt) IMO type 3 tanker said to feature fuel-saving technology including a large, efficient propeller, an optimised hull form, MAN B&W ME-B and ME-C electronic engines, high performance hull coating, and voyage optimisation software.
"We are very happy with the Ardmore Seavaliant, which is a welcome addition to the Cargill fleet," said Ilie Juravle, tankers operations manager at Cargill.
"The Seavaliant fits very well with our emphasis on chartering modern, fuel-efficient vessels and we are confident that she will play her part to the full in upholding Cargill's reputation for safe, high quality shipping operations."
Ardmore will receive a second tanker with the same specifications, the Ardmore Seaventure, in May, and two more of the vessels are scheduled to be delivered in January 2014.
"We are delighted with the quality of the Seavaliant, which is a testament to SPP Shipbuilding's deserved reputation for this class of vessel and to the strength of our working relationship with SPP," said Anthony Gurnee, CEO of Ardmore Shipping.
"We are looking forward to building upon this relationship with the delivery of the Seaventure later this year, as well as our third and fourth newbuild vessels, which will follow in early 2014."
Cargill said in October that it has decided to charter only the most energy efficient vessels to help reduce its spending on bunkers.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 506.50 | 6.50 | 622.50 | 7.00 |
| Rotterdam | 460.00 | 1.50 | 630.00 | 8.50 |
| Houston | 472.50 | 0.50 | 625.00 | 1.50 |
| Fujairah | 501.00 | 6.00 | 721.00 | 8.00 |
| Global 20 Ports Average | 529.00 | 2.50 | 724.00 | 1.50 |
| Global 4 Ports Average | 485.00 | 3.50 | 649.50 | 5.00 |
| Global Average Bunker Price | 571.00 | 4.00 | 755.50 | 0.00 |
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