Asia/Pacific News
Yang Ming Finalises Order for Six LNG Dual-Fuel Boxships
Taiwanese shipping company Yang Ming has signed a shipbuilding contract with Hanwha Ocean for six LNG dual-fuel container ships, confirming an order plan that was first approved by the company’s board in March.
The 13,000 TEU ships are scheduled for delivery between 2028 and 2029 and will be designed to allow future conversion to ammonia propulsion, the company said in an announcement today.
Yang Ming said the vessels will be deployed on major East-West trades linking Asia with the Americas and the Mediterranean.
The ships are part of the carrier's wider fleet renewal programme and are intended to replace ageing vessels and ships approaching charter expiry in the 4,250-6,500 TEU range.
Yang Ming has several more dual-fuel LNG container ships on order. The company also announced orders for methanol-ready container ships last year.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 874.00 | 5.00 | 1304.00 | 6.00 |
| Rotterdam | 698.50 | 5.00 | 1430.00 | 11.50 |
| Houston | 748.00 | 15.00 | 1386.50 | 23.00 |
| Fujairah | 976.00 | 7.50 | 1686.00 | 8.50 |
| APAC Average | 999.00 | 18.00 | 1494.00 | 17.00 |
| Global 20 Ports Average | 882.00 | 7.00 | 1534.00 | 5.50 |
| Global 4 Ports Average | 824.00 | 5.50 | 1451.50 | 6.50 |
| Global Average Bunker Price | 938.00 | 8.00 | 1608.00 | 10.50 |
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