Asia/Pacific News
K Line Delivers Two LNG Dual-Fuel Ships for Petronas
Japanese shipping company K Line has taken delivery of two new dual-fuel LNG carriers that will operate for Malaysian firm Petronas LNG Ltd.
The two 174,000 m3 vessels, Puteri Johor and Puteri Kedah, were delivered at Hudong-Zhonghua Shipbuilding (Group) Co, K Line said in a statement on its website on Wednesday.
K Line joint ventures own both ships.
The vessels are equipped with dual-fuel engines from engine manufacturer WinGD, capable of operating on LNG and conventional marine fuels.
K Line has identified the LNG business as a priority investment area under its medium-term management plan.
LNG emits less CO2 than conventional marine fuels, but its methane emissions - a potent GHG gas - undermine some of the green credentials of LNG-fuelled ships.
As regulations tighten, bio-LNG is emerging as a potential drop-in alternative that can further lower emissions while using existing LNG infrastructure.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| APAC Average | 1029.50 | 32.00 | 1478.50 | 13.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
Popular Now More
-
Oct 23Rotterdam's bunker sales recovered slightly in Q3 from the previous quarter, but volumes remained well below year-earlier levels. -
Oct 23The acquisition includes eight bunkering vessels and a long-term lease for 28,000 m3 of tank capacity in Turkey. -
Oct 21Trading Director Maaz Ahmed tells Ship & Bunker that the firm plans to deploy more bunker barges in the future.