Asia/Pacific News
Biofuel Trial Planned for RORO Vessel at Japan's Hakata Port
Japan's domestic shipping firm Kinkai Yusen, a unit of NYK Group, is set to conduct a biofuel demonstration voyage on its RORO vessel Nanotsu.
The vessel will bunker B24 biofuel at Hakata Port on June 16 before operating on its regular service between Hakata and Tsuruga, the firm said in a statement on its website on Tuesday.
The fuel will contain 24% biofuel blended with conventional marine fuel.
Kinkai Yusen said the initiative is expected to be the first case of a domestic scheduled RORO vessel bunkering biofuel and operating from Hakata Port.
The biofuel will be supplied with the cooperation of Japanese energy company Idemitsu Kosan, an energy company, and energy trading and distribution firm Itochu Enex.
Marine biofuels as a drop-in fuel can be used in existing ships without requiring any modifications.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 889.50 | 18.50 | 1281.00 | 10.50 |
| Rotterdam | 715.00 | 13.00 | 1374.00 | 42.50 |
| Houston | 763.00 | 3.00 | 1419.50 | 4.50 |
| Fujairah | 967.50 | 20.50 | 1694.50 | 21.50 |
| APAC Average | 1025.50 | 26.50 | 1476.50 | 7.50 |
| Global 20 Ports Average | 895.50 | 1.50 | 1548.50 | 6.50 |
| Global 4 Ports Average | 833.50 | 12.50 | 1442.50 | 17.50 |
| Global Average Bunker Price | 959.50 | 13.50 | 1592.50 | 0.00 |
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