World News
CMA CGM to Run 7 New LNG-Fuelled Container Ships on Bio-LNG
France's CMA CGM says it plans to use bio-LNG for seven new LNG-fuelled container ships it has on order, once the vessels enter service.
The three 7,900 TEU ships and four 7,300 TEU ships, that are currently on order, will operate between France and the French West Indies, it said in a statement on its website on Thursday.
The ships are due for delivery from 2024.
"The CMA CGM Group is committed to the energy transition and has set itself the target of becoming Net Zero Carbon by 2050," the company said in the statement.
"The seven new ships rolled out in the French West Indies in two years will be powered by biogas, a technology that helps to significantly reduce greenhouse gas emissions and protect air quality by eliminating almost all air pollutants."
The prospect of shifting gas-powered vessels from fossil LNG to bio- and synthetic LNG over time will allow for increased GHG emission savings from these vessels.
Securing the supply of these renewable gas alternatives will be a key challenge in the short term.
** This story was updated on September 28, 2022 to reflect that the newbuild vessels referenced are already part of CMA CGMs order book
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
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| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
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| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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