World News
Cruise Firm Royal Caribbean Group Investigates Methanol Bunkers
Cruise firm Royal Caribbean Group is showing interest in methanol as an alternative fuel for its future fleet, joining industry body the Methanol Institute.
The firm has joined the Methanol Institute with a view to exploring new sustainable energy solutions, the organisation said in a press release on Wednesday.
"We are pleased to join the Methanol Institute, and as we seek sustainable energy solutions we recognize the importance of collaboration to help us transition to the energy platform of the future," Jason Liberty, CEO of Royal Caribbean Group, said in the statement.
Royal Caribbean has a fleet of 64 ships that travel to around 1,000 destinations around the world.
Methanol is rapidly gaining in popularity as an alternative marine fuel, with orders of methanol-fuelled tonnage now coming in regularly from a variety of shipping segments. The main challenge for this market will be the scaling-up of green methanol supply in time to meet the needs of the new ships as they are delivered.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.