World News
COSCO Ammonia-Fuelled Gas Carrier Design Wins Classification Society Approvals
Friday November 15, 2024
Shipping firms COSCO Shipping Energy and COSCO Shipping Heavy Industries have developed a design for a gas carrier capable of running on methanol.
The development of the 50,000 m3 dual-fuelled ammonia/LPG carrier design means the company now has involvement in LNG, methanol and ammonia as alternative bunker fuels, COSCO said in a LinkedIn post on Thursday.
The design has been awarded approvals in principle from classification societies ABS, CCS and DNV.
"The design of the ammonia dual-fuel system can achieve net-zero carbon emissions, and reach the international leading level in terms of performance indicators and cargo capacity," the company said in the post.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.50 | 0.00 | 665.50 | 1.00 |
| Rotterdam | 512.00 | 3.00 | 663.00 | 0.50 |
| Houston | 545.50 | 3.00 | 666.00 | 9.50 |
| Fujairah | 560.50 | 0.00 | 743.50 | 1.50 |
| Global 20 Ports Average | 584.00 | 1.00 | 751.50 | 2.00 |
| Global 4 Ports Average | 547.50 | 0.00 | 684.50 | 2.50 |
| Global Average Bunker Price | 633.50 | 0.50 | 805.50 | 0.00 |
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