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Methanol Institute Adds Two More Shipping Company Members
Industry body the Methanol Institute has added two more shipping companies to the ranks of its members as interest rises in green methanol as a zero-carbon bunker fuel.
MSC Group and Oldendorff Carriers have joined the Methanol Institute, the organisation said in an emailed statement on Monday.
"MSC is actively exploring and trialling a range of alternative fuels and technologies on top of some significant energy efficiency improvements across its fleet and considers methanol to be one of the key long-term solutions available," Bud Darr, executive vice president for maritime policy and government affairs at MSC, said in the statement.
"In addition to exploring strategic partnerships with technology and energy providers, MSC contributes to the work of initiatives that are designed to facilitate cross-sector information sharing."
Interest in methanol bunkers has grown since shipping giant AP Moller-Maersk announced earlier this year that its first zero-carbon ship would be running on green methanol from 2023.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 570.00 | 1.00 | 683.00 | 2.50 |
| Rotterdam | 515.50 | 1.00 | 685.00 | 7.50 |
| Houston | 555.00 | 1.00 | 678.00 | 1.00 |
| Fujairah | 563.00 | 2.00 | 754.50 | 0.50 |
| Global 20 Ports Average | 587.50 | 1.50 | 765.00 | 0.50 |
| Global 4 Ports Average | 551.00 | 1.00 | 700.00 | 1.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 812.50 | 1.00 |
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