Asia/Pacific News
Indian Port Takes Step Toward Ammonia Bunkering
India's Tuticorin port has taken a step toward ammonia bunkering through a new agreement with AM Green.
V.O. Chidambaranar Port Authority (VOC Port) has partnered with the company on a planned 1 million mt/year green ammonia production project at Tuticorin, the port authority said in a statement on its website on Friday.
The companies also plan to develop green ammonia handling, storage and bunkering infrastructure at the port, along with pilot bunkering operations, safety procedures and training programmes.
VOC Port said the initiative is expected to support the development of green fuel corridors connecting the port with major ports in Europe and Asia.
The agreement was signed during a visit by Santosh Kumar Sarangi, secretary of India's Ministry of New and Renewable Energy, who reviewed the port's renewable energy and sustainability projects.
The port is also developing a 750 m3 methanol bunkering facility.
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 |
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