World News
Golden Ocean: 16 Scrubbers Ordered, Options for 9 More
Dry Bulk player Golden Ocean Group Limited (GOGL) Friday became the latest in a procession of shipowners to reveal it plans to use exhaust gas cleaning systems (scrubbers) as part of its IMO 2020 plans.
If GOGL’s case, the firm says it has signed contracts to install exhaust gas scrubbers on 16 Capesize vessels with options for nine additional installations.
“We have a fleet of modern, fuel efficient vessels, and the steps we are taking to optimize the fleet by installing scrubbers will further position the Company ahead of the implementation of new caps on sulphur emissions,” GOGL said Friday in comments as part of its 2Q 2018 results.
The new global 0.50% sulfur cap on marine fuel comes into force from January 1, 2020.
After the Exhaust Gas Cleaning Systems Association (EGCSA) said in July its members had seen a significant uptick in orders for the technology, in recent weeks several owners have have revealed they have placed orders for the systems, with announcements this week alone including Gulf Navigation Holding (PJSC) (GULFNAV) on Tuesday, D/S NORDEN on Wednesday, and TORM on Thursday.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
Popular Now More
-
Dec 232024's total is heading for a 3.4% gain from 2023 and the highest level since 2019, according to the latest market survey from Ship & Bunker and 2050 Marine Energy. -
Dec 16The new hire previously worked for ExxonMobil from December 2018 to October of this year. -
Dec 23"We're being ripped off at the Panama Canal like we're being ripped off everywhere else," President Trump was cited as saying at an event in Arizona on Sunday.