Asia/Pacific News
Tsuneishi Delivers World's First LNG Dual-Fuel Kamsarmax
Japan’s Tsuneishi Shipbuilding Co has delivered what it says is the world’s first LNG dual-fuel Kamsarmax bulk carrier.
The vessel named Oceana Frontier was officially handed over at its Fukuyama yard this week, the shipbuilder said in a statement on its website on Tuesday.
The vessel is equipped with a dual-fuel engine capable of running on LNG and conventional marine fuels.
Tsuneishi said the ship achieves over a 50% reduction in energy efficiency design index (EEDI), exceeding the phase 3 requirement of 30% from 2025.
Efficiency gains come from hull optimisation and energy-saving systems, including a shaft generator.
Tsuneishi has not shared details of the owner of the ship.
The global LNG-fuelled fleet is currently made up of 921 ships, with another 663 expected to join the fleet by 2030, according to classification society DNV data.
As more LNG-fuelled ships join the fleet, demand for bio-LNG, a cleaner alternative to LNG, is expected to grow.
Earlier this year, Tsuneishi delivered the world’s first dual-fuel methanol Kamsarmax bulk carrier for charter to commodities firm Cargill.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 873.50 | 5.50 | 1811.50 | 61.50 |
| Rotterdam | 716.50 | 29.50 | 1331.50 | 32.00 |
| Houston | 903.50 | 5.50 | 1294.50 | 45.50 |
| Fujairah | 841.50 | 28.00 | 1705.00 | 30.50 |
| APAC Average | 1045.50 | 9.00 | 1974.00 | 91.50 |
| Global 20 Ports Average | 957.50 | 7.50 | 1692.00 | 2.00 |
| Global 4 Ports Average | 833.50 | 11.50 | 1535.50 | 23.00 |
| Global Average Bunker Price | 1011.50 | 4.00 | 1677.00 | 28.00 |
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