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 | 549.00 | 0.50 | 680.50 | 5.50 |
| Rotterdam | 505.50 | 1.00 | 648.50 | 2.50 |
| Houston | 550.50 | 2.50 | 672.50 | 5.50 |
| Fujairah | 542.50 | 0.50 | 750.00 | 1.50 |
| Global 20 Ports Average | 575.50 | 1.00 | 756.50 | 6.00 |
| Global 4 Ports Average | 537.00 | 1.50 | 688.00 | 4.00 |
| Global Average Bunker Price | 624.50 | 1.00 | 806.00 | 1.00 |
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