World News
Manufacturing of PGT's First ENVI-Marine Exhaust Gas Scrubber Completed
Pacific Green Technologies Inc. (PGT) Tuesday announced that it has completed manufacturing the first ENVI-Marine exhaust gas scrubber, which is slated for installation on Union Maritime Limited (UML) chemical tanker Westminster.
In accordance with PGT’s Energy Management Lease Agreement with UML, Westminster is set to operate in emission control areas (ECAs) for a minimum of 140 days per year, with PGT receiving payment of the daily fuel savings - an estimated $2,500 per day - until PGT has received $1.95 million.
"The ENVI-Marine is perfectly suited to be retrofitted onto existing ships and coupled with PowerChina SPEM’s unrivalled production capacity, PGT is uniquely positioned to become market leader in the marine exhaust scrubbing market," said Neil Carmichael, Chief Executive of PGT.
"The tight timetable this system was engineered and manufactured in demonstrates the competitive advantage that PGT has with its joint venture partner PowerChina SPEM in being able to service this rapidly expanding industry."
This ENVI-Marine System is said to be in transit from the Port of Shanghai to Senegal, West Africa for installation under the terms of the Energy Management Lease Agreement entered into by PGT and UML.
As Ship & Bunker reported in December, the agreement is intended to see UML purchase a further ten systems.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 641.00 | 4.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 629.50 | 2.00 | 802.50 | 6.50 |
| Fujairah | 647.50 | 2.00 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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