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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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