World News
International Seaways Orders Two New Scrubber-Fitted LNG-Ready Tanks
Thursday August 10, 2023
Shipping firm International Seaways has ordered two new ships equipped with scrubbers and suitable for conversion to LNG-fuelled propulsion.
The company has ordered the dual-fuel-ready LR1 tankers from K Shipbuilding Co in South Korea for delivery in the second half of 2025, it said in a results statement on Wednesday.
The value of the order was about $115 million.
"Upon delivery, these vessels are expected to deliver into our niche, Panamax International Pool, which has consistently outperformed the market," the company said in the statement.
The dual-fuel-ready notation typically means enough space has been incorporated into the design of the vessels to fit the larger fuel tanks needed for LNG.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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