World News
MSC Charters New LNG-Fuelled Ships
Tuesday May 11, 2021
Container line MSC has given a further boost to the LNG bunker industry with a large new gas-powered ship order.
The firm has agreed to charter 11 new 15,300 TEU container ships from Eastern Pacific Shipping, Lloyd's List reported on Monday.
The order will cement container shipping's position as the largest segment so far stepping into LNG bunkering as the industry seeks ways of cutting its carbon emissions. CMA CGM has been the biggest proponent so far, with its new series of giant boxships taking up a significant share of the niche global LNG bunker market.
MSC has also taken on some other alternative fuels, using biofuels in shipments out of Rotterdam and expressing interest in hydrogen-based solutions in the longer term.
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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