World News
First VLOC Instalation for Energy-Recovery System
Mitsubishi Heavy Industries Ltd. Machinery & Engine Co., Ltd. (MHI-MME) says it has installed one of the company's Mitsubishi Energy Recovery System (MERS) on a very large ore carrier (VLOC) for the first time, reducing fuel consumption by 8 percent.
The system, which increases power generation efficiency by improving the recovery of waste energy from the diesel engines' exhaust gas, was installed on Mitsui O.S.K. Lines, Ltd. (MOL) vessel built by Namura Shipbuilding Co., Ltd.
Since its introduction in 2010, MERS has been used mainly on carrier ships with refrigerated (reefer) containers that use large amounts of electricity, but the newest at-sea trial confirms the systems can operate efficiently in smaller vessels, and MHI now plans to market the systems to a wiser market.
"Going forward, MHI-MME will continue to propose various innovative energy-saving and environmental solutions to enhance seagoing energy efficiency and environmental preservation efforts," the company said.
MOL has been working to improve its results through fuel efficiency improvements in recent quarters.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25Government investigating after test results altered 'to make the fuel consumption data look better'. -
Apr 25The new hire was previously a marine fuel trader for Vilma Oil in Madrid from June 2017 to last month.