World News
EU Recommends Co-Funding for Containerships' LNG-Powered Vessels
Containerships plc (Containerships), in its recent financial report for the second quarter of 2016, revealed that it has received a co-funding recommendation from the European Union (EU) for the company's four planned liquefied natural gas (LNG)-powered container vessels.
"The outcome of the funding will be confirmed during autumn this year," noted Containerships.
"The recommendation is a remarkable recognition of the Company's environmental strategy and investments needed."
Containerships says that it has signed agreements for the building of the four dual fuel vessels, but notes that the project is still subject to final approval of its stakeholders in this project.
The vessels are currently slated to be delivered during 2018, with the first of the four set to be delivered by early 2018.
As Ship & Bunker has previously reported, Containerships and Nordic Hamburg Shipmanagement GmbH & Co. KG (Nordic Hamburg) ordered four 1,400 TEU dual-fuel container ships from China's Huangpu Wenchong Shipyard (Huangpu Wenchong).
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 625.00 | 9.00 | 732.00 | 15.00 |
| Rotterdam | 577.50 | 3.50 | 739.50 | 1.00 |
| Houston | 595.00 | 0.50 | 767.00 | 4.50 |
| Fujairah | 628.50 | 4.00 | 878.50 | 11.00 |
| Global 20 Ports Average | 645.50 | 0.50 | 827.00 | 5.00 |
| Global 4 Ports Average | 606.50 | 0.50 | 779.50 | 0.50 |
| Global Average Bunker Price | 703.50 | 4.00 | 886.00 | 6.00 |
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