World News
CSL Partnership Orders Two Methanol-Fuelled Vessels
A partnership between CSL and OWL has ordered two new subsea rock installation vessels capable of running on methanol.
The dual-fuelled 17,500 m3 ships are due for delivery in August and November 2026, the CSL Group said in a LinkedIn post on Thursday.
"We're excited to share that CSL OWL SRI, a new partnership between CSL and OWL, is building two subsea rock installation (SRI) vessels tailored for the offshore wind sector," the company said.
"Purpose-built for optimal flexibility, these vessels will deliver efficient and cost-effective SRI services in water depths up to 100 metres."
Demand for methanol as a bunker fuel is set to rise rapidly in the coming years with orders of methanol-fuelled tonnage from a variety of shipping segments gradually being delivered.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
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