World News
Hanwha Shipping Names Alt-Fuel Ready VLCC
Hanwha Shipping has named its new very large crude carrier, which has classification society ABS notations for future use of ammonia, methanol or LNG.
The Elandra K2 is the first of three 320,000 DWT VLCCs being built for Hanwha Shipping at Hanwha Ocean’s Okpo Shipyard, ABS said in a LinkedIn post today.
The Elandra Kunlun is due for delivery in December 2026, followed by the Elandra Kilimanjaro in February 2027.
The Elandra K2 has ABS Fuel Ready Level 1C notations for ammonia, LNG and methanol, giving the vessel flexibility to adopt alternative fuels as regulations change.
Several ships have been ordered and delivered with ammonia-ready or methanol-ready classifications as shipowners hedge against future fuel transitions. However, actual conversions to run on these fuels remain limited across the global fleet.
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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