World News
Pacific International Lines Orders Five New LNG-Fuelled Boxships
Singapore-based container line Pacific International Lines has ordered five new boxships capable of running on LNG.
The new 13,000 TEU dual-fuelled ships will be delivered from the end of 2026 onwards from Hudong Zhonghua Shipyard in China, the company said in a statement on its website on Monday.
The ships will also be equipped with an optimised hull-form, variable-frequency drive (VFD) motors for larger pumps and ventilation blowers, lower-energy LED lightings and premium hull coatings.
"These latest orders are part of PIL's fleet renewal strategy for larger and more eco-friendly vessel types," Lars Kastrup, CEO of PIL, said in the statement.
"Together with another eight vessels we currently have under construction, we now have 13 new vessels that will contribute significantly towards our decarbonisation goal of net zero emissions by 2050.
"As part of our commitment to putting customers first, we are continually optimising our fleet with newer and more advanced vessels to better serve customers in our key markets.
"For instance, the vessels will have a high refrigerated container capacity payload to support our services for the transport of fresh fruit, vegetables, seafood, meat and pharmaceuticals."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 582.50 | 10.00 | 616.50 | 12.50 |
| Rotterdam | 503.00 | 4.00 | 609.50 | 7.00 |
| Houston | 498.00 | 8.50 | 643.50 | 9.00 |
| Fujairah | 579.00 | 10.00 | 773.00 | 2.00 |
| Global 20 Ports Average | 587.50 | 8.50 | 729.50 | 5.00 |
| Global 4 Ports Average | 540.50 | 8.00 | 660.50 | 7.50 |
| Global Average Bunker Price | 636.50 | 7.50 | 808.00 | 6.00 |
Popular Now More
-
Sep 12The new hire has worked in a range of roles for the company since August 2014. -
Sep 12The new head of trading has worked for the company since February 2018. -
Sep 11John Bassadone's new venture, Hercules Tanker Management, will operate as an independent ship owner active in chartering tonnage and commercial management.