World News
SCF Orders Four LNG-Powered Tankers Under Joint Project with Shell
Friday March 17, 2017
Russia's SCF Group (SCF), under its joint "Green Funnel" project with Shell Gas & Power (Shell), has placed an order for four 114,000 DWT liquefied natural gas (LNG)-powered newbuildings from South Korea's Hyundai Heavy Industries (HHI), Tradewinds reports.
The vessels, which are said to be set to become the world’s first LNG-fuelled Aframax tanker newbuildings, will be supplied with LNG bunkers under a supply agreement with Shell.
While SCF has not detailed the price of the vessels, this information is expected to be provided as part of a formal announcement from the yard.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 655.50 | 2.00 | 808.50 | 4.50 |
| Rotterdam | 619.00 | 0.00 | 789.00 | 8.00 |
| Houston | 628.50 | 7.50 | 812.50 | 1.50 |
| Fujairah | 653.50 | 4.50 | 900.00 | 2.50 |
| Global 20 Ports Average | 672.00 | 0.50 | 885.00 | 7.00 |
| Global 4 Ports Average | 639.00 | 2.50 | 827.50 | 2.00 |
| Global Average Bunker Price | 727.50 | 1.50 | 933.50 | 5.00 |
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