World News
Ethane-Powered Ships Ordered
Three new liquefied ethylene gas carriers (LEGCs) ordered by Ocean Yield ASA of Norway will be the first oceangoing vessels to be powered by ethane, according to MAN Diesel & Turbo (MAN Diesel), which is supplying the ships' engines.
The ships, each with a 36,000 cubic meter capacity, will be built at Sinopacific Offshore & Engineering in China and are scheduled for delivery in August, October, and December of 2016.
Each vessel will use a single MAN B&W ME-GI low-speed, dual-fuel engine.
Ethane is more competitively priced than heavy fuel oil (HFO), requires less bunkering time, and produces negligible sulfur emissions and 15 to 20 percent less carbon dioxide (CO2) emissions, says MAN Diesel.
The ships will also be able to be easily converted to run on methane.
Prices of ethane have fallen as fracking has increased the production of the fuel, as well as natural gas, propane, and butane.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 646.50 | 5.50 | 773.50 | 11.50 |
| Rotterdam | 604.00 | 5.00 | 756.00 | 5.00 |
| Houston | 630.50 | 1.00 | 798.50 | 4.00 |
| Fujairah | 650.50 | 3.00 | 897.00 | 13.50 |
| Global 20 Ports Average | 662.50 | 1.00 | 858.50 | 0.50 |
| Global 4 Ports Average | 633.00 | 3.50 | 806.00 | 6.50 |
| Global Average Bunker Price | 718.50 | 0.50 | 914.00 | 1.00 |
Popular Now More
-
Apr 24The arrests were both on Monday. -
Apr 23The ship had come to Singapore from St Petersburg. -
Apr 22The 46,000 DWT MR2 chemical tanker Green Land was arrested at about 3:30 PM on April 17.