World News
Bureau Veritas Approves New GTT LNG Bunkering Ship Design
Classification society Bureau Veritas (BV) has announced it has granted an Approval in Principle to a new liquefied natural gas (LNG) bunkering ship designed by France-based GTT (Gaztransport & Technigaz).
The 4,000 cubic-metre ship concept was said to feature GTT's membrane containment system, which can store LNG at pressures of up to 2 barg.
According to GTT, the tanks allow for higher capacity and increased operational flexibility.
"Practical LNG bunker tankers are the key to building a viable LNG supply chain on which to develop LNG as a ship's fuel," said Philippe Donche-Gay, Executive Vice President and head of BV's Marine and Offshore Division.
"This pressurised membrane tank concept from GTT means LNG bunker tankers can manage Boil Off Gas (BOG) better and increase loading and delivery flow rates," he said, adding that it is the wide vapour pressure operating range that makes it possible.
Ship & Bunker reported earlier this year that GTT had begun eyeing the LNG bunker market after opening a new subsidiary in Singapore.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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