World News
MOL Announces Delivery of Latest Methanol-Powered Vessel
Mitsui O.S.K. Lines, Ltd. (MOL) has announced the November 10 delivery at Japan's Minaminippon Shipbuilding Co., Ltd. (Minaminippon) of the 50,000 DWT dual-fuel methanol carrier Cajun Sun - the latest in a series of newbuild vessels featuring methanol-propulsion, as well as traditional HFO and MGO.
"Methanol significantly reduces smog-causing emissions such as particulates, sulfur oxides, and nitrogen oxides," said MOL.
"In addition, it is also equipped with a ballast water treatment system, ahead of treaty requirements mandating such systems, and adopts energy-saving accessories in front of and astern of the propellers."
The vessel is slated to be put on long-term charter with Waterfront Shipping Company Limited (Waterfront Shipping).
In June, Ship & Bunker reported that Cajun Sun's sister vessel, Taranaki Sun, embarked on its maiden voyage to China.
In April, Knut Ørbeck-Nilssen, CEO at DNV GL – Maritime, said methanol bunkers offer a "promising" solution for those operating vessels within emission control areas (ECAs).
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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