World News
Samsung Heavy Industries to Build LNG-Fuelled VLCCs
Tuesday April 14, 2020
South Korean shipbuilder Samsung Heavy Industries has signed a deal to build two new LNG-fuelled VLCCs, the company said Tuesday.
The $209.2 million deal will see the Korean firm build the oil tankers for a Bermudan shipowner, with delivery expected by April 2022, the company said in a statement on its website.
The ships will also be equipped with various technologies aimed at reducing fuel consumption, including a more energy-efficient propeller design, the company said.
"We see increasing demand for LNG-fueled VLCCs on top of that for S-max and A-max tankers powered by LNG," a Samsung Heavy Industries official said in the statement.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.50 | 9.00 | 685.00 | 6.50 |
| Rotterdam | 506.00 | 6.00 | 665.00 | 11.00 |
| Houston | 552.50 | 0.50 | 682.00 | 4.00 |
| Fujairah | 548.00 | 7.50 | 750.00 | 3.00 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
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