World News
UASC Triple-E Ships to be "LNG-Ready"
Det Norske Veritas (DNV) says it will class five 18,000 twenty-foot-equivalent-unit (TEU) ships being built for United Arab Shipping Company (UASC) that it says are "some of the world's largest and greenest container ships."
The vessels will be optimised for Asia-Middle East-North Europe trade with an optimal speed between 16 and 18 knots, and they will be "LNG-ready," meaning they can be easily retrofitted to use liquefied natural gas (LNG) bunkers.
The $1.4 billion order, which also includes five 14,000 TEU class boxships, was placed with Hyundai Heavy Industries (HHI) in South Korea, and the contract includes options for one additional 18,000 TEU vessel and six additional 14,000 TEU vessels.
"I'm pleased and proud that DNV has been selected as the preferred class for these huge and advanced ships," said DNV CEO Henrik O. Madsen.
"Through our expertise and technology, we have been able to aid in the development of these new ships, which represent a major leap forward in terms of size and operational excellence."
It was reported in May that UASC was considering buying five Triple-E container ships to start a new Europe to Asia service, to be run jointly with China Shipping Container Lines Co.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 4.50 | 617.00 | 5.50 |
| Rotterdam | 457.50 | 2.50 | 623.50 | 6.50 |
| Houston | 469.00 | 3.50 | 623.00 | 2.00 |
| Fujairah | 494.50 | 6.50 | 715.50 | 5.50 |
| Global 20 Ports Average | 526.00 | 3.00 | 712.50 | 11.50 |
| Global 4 Ports Average | 481.00 | 4.00 | 645.00 | 4.50 |
| Global Average Bunker Price | 569.00 | 2.00 | 750.00 | 5.50 |
Popular Now More
-
Apr 23Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028. -
Apr 24Suppliers in South Korea are already shifting to the use of MFMs, and barge fees are likely to rise in the country as a result, a local source tells Ship & Bunker. -
Apr 24FincoEnergies has partially acquired the business operations of bunker supplier Oliehandel Klaas de Boer.