World News
HHI Tests Engines That Use 7% Less Fuel
Hyundai Heavy Industries Co., Ltd. (HHI) says it has completed a type approval test of two ultra long stroke marine engines that are capable of reducing fuel consumption by 7 percent, under license with MAN Diesel & Turbo (MAN Diesel).
The G-type marine engines, 7G80ME-C9.2 and 6G80ME-C9.2, were tested at 42,350 bhp and 36,300 bhp respectively, with the test attended by supervisors from 11 classification societies.
One G-type engine was installed on an Almi Tanker (Almi) very large crude carrier (VLCC) and another is scheduled for installation on a Thenamaris Ship Management (Thenamaris) containership.
The engines will save $2.9 million per year for Almi and $1.3 million per year for Thenamaris compared with a standard engine with the same output, according to HHI's calculations.
Shipowners are increasingly eager to use fuel-saving technology such as the ultra long stroke engines for VLCCs, a MAN Diesel executive said recently, discussing Almi's decision to use the engine.
Teekay and AET have also recently ordered vessels using ultra long stroke engine technology to save fuel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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