Asia/Pacific News
Cosco Shipping Launches New Methanol-Fuelled Boxship
Chinese container shipping firm Cosco Shipping has launched a new container ship capable of running on methanol.
The 16,000 TEU container ship, Cosco Shipping Lily, was officially named and unveiled on March 6, the company said in a LinkedIn post on Monday.
The vessel is the first batch of the 16,000 TEU dual-fuel methanol ships built by Cosco Shipping Heavy Industry (Yangzhou) for Cosco Shipping Lines.
The COSCO Shipping Lily is expected to operate on the South China-US Southwest E-commerce Express service.
“Compared with conventional fuel-powered vessels, each ship can reduce CO2 emissions by approximately 120,000 tons per year, with an Energy Efficiency Design Index (EEDI) performance exceeding the baseline by more than 50%,” Cosco said.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 1116.00 | 293.50 | 1768.00 | 385.00 |
| Rotterdam | 772.50 | 141.00 | 1162.50 | 109.00 |
| Houston | 775.50 | 107.50 | 1222.50 | 84.00 |
| Fujairah | 975.50 | 233.00 | 1411.00 | 209.00 |
| APAC Average | 883.50 | 76.00 | 1291.50 | 94.00 |
| Global 20 Ports Average | 929.00 | 194.00 | 1330.00 | 176.50 |
| Global 4 Ports Average | 910.00 | 194.00 | 1391.00 | 196.50 |
| Global Average Bunker Price | 841.50 | 101.50 | 1249.00 | 114.50 |
Popular Now More
-
Mar 10Sources tell Ship & Bunker that they are urging customers to float their bunker enquiries as soon as possible. -
Mar 09Sources tell Ship & Bunker that barge loadings have been suspended following the Sunday incident. -
Mar 09Bunker prices have climbed to multi-year highs amid middle East conflict.