World News
NYK Names New LPG Dual-Fuel Gas Carrier
Japan's shipping firm NYK has named its newest LPG dual-fuel very large gas carrier at a ceremony held on Tuesday at Kawasaki Heavy Industries' Sakaide shipyard.
The vessel, Lyla Pathfinder, is the eighth dual-fuel LPG carrier ordered by NYK and will be chartered to UAE-based LPG trader BGN INT FZCO for global LPG transport after delivery, NYK said in a press release on Wednesday.
The carrier is equipped with a dual-fuel engine capable of running on both conventional marine fuels and LPG. It also uses shaft-generated electricity to reduce diesel consumption, allowing it to operate almost entirely on LPG.
According to NYK, using LPG as fuel cuts sulfur oxide emissions by more than 95% and GHG emissions by more than 20% compared with conventional marine fuel.
LPG remains a niche alternative bunker fuel for now, being used almost exclusively in gas carriers.
The vessel is also designed to transport ammonia, supporting the expected growth in demand for low-carbon fuels.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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