Asia/Pacific News
New QatarEnergy LNG Dual-Fuel Carrier Named in South Korea
A joint venture led by Japanese shipping company K Line has named the ninth dual-fuel LNG carrier built for QatarEnergy.
The 174,000 m3 vessel, Halwan, was named during a ceremony at HD Hyundai Heavy Industries' shipyard in South Korea on Tuesday, K Line said in a statement on its website on Wednesday.
QatarEnergy, Qatar's state-owned energy company and one of the world's largest LNG exporters, will deploy Halwan in its global LNG transportation fleet.
The vessel is the second of three in the 12-ship series that will be managed by the K Line group.
The vessel is equipped with dual-fuel engines from WinGD capable of running on LNG and conventional marine fuels.
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.
The joint venture comprises K Line, Nippon Yusen Kabushiki Kaisha (NYK Line), China LNG Shipping (Holdings) and Malaysia's MISC Berhad.
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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