World News
Shell Inks LNG Bunker Supply Deal with SIEM Car Carriers
Shell NA LNG LLC and Shell Western LNG B.V. (Shell) today said they have signed a long-term supply agreement with SIEM Car Carriers to supply liquefied natural gas (LNG) bunkers for two new car carrying ships being used to transport Volkswagen Group vehicles from Europe to North America.
The car company's plans to use LNG bunkers were first announced in October 2016 and as previously reported, the vessels are expected to be delivered in 2019.
They will be among the first car carrying ships in the world to be powered by LNG and will be among the first LNG fuelled vessels to operate intercontinentally between Europe and the United States.
Shell says it plans to refuel the vessels in Northwest Europe and a second supply point in the United States.
"This agreement is an important development for Shell's growing LNG fuels business. We are pleased to be working with SIEM Car Carriers to provide a cleaner burning fuel and look forward to future opportunities for collaboration," said Lauran Wetemans, Shell's General Manager Downstream LNG.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25Government investigating after test results altered 'to make the fuel consumption data look better'. -
Apr 26The company is looking for candidates with bunker trading professional certifications and at least six years of experience in a similar role.