World News
Deal Struck to Transport Green Methanol Bunkers
Methanol producer Carbon Sink has signed a deal with shipping firm Rose Cay Maritime to transport green methanol for use as a bunker fuel.
The two companies have signed a memorandum of understanding seeking to increase green methanol production, transportation, bunkering and storage at ports, Carbon Sink said in a statement on its website this week.
Carbon Sink is one of the firms slated to provide AP Moller-Maersk with green methanol for its fleet, signing a deal in November to sell the container line 100,000 mt/year from its first plant from 2027.
"Rose Cay Maritime is the ideal partner to help Carbon Sink deliver our carbon-neutral fuels to our customers," Steve Meyer, CEO of Carbon Sink, said in the statement.
"Their industry knowledge and leadership in advancing the maritime energy transition will enable us to better serve the market as we expand our production capacity."
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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Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month.