World News
Hagland Shipping Orders Methanol-Ready Bulk Carriers
Hagland Shipping has ordered a series of dry bulk carriers suitable for conversion to methanol propulsion.
The four 5,000 DWT vessels will be built by Dutch shipyard Royal Bodewes, the company said in a statement on its website on Tuesday.
"Compared to the oldest ships in Hagland's existing fleet, the ships are expected to reduce CO2 emissions by 40-50% and NOx emissions by 90-95% from delivery," the company said in the statement.
"The ships are equipped with an engine solution that can be converted to methanol operation in the future.
"A system that recovers the waste heat from the engines will produce enough electricity to cover the ship's hotel load.
"The first ship is expected to join the fleet around year-end 2025."
Hagland operates a total of 13 ships, trading mainly in Northern Europe and the Baltic.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 623.00 | 7.00 | 758.00 | 7.50 |
| Rotterdam | 570.00 | 7.50 | 766.00 | 3.00 |
| Houston | 611.00 | 13.00 | 784.50 | 11.00 |
| Fujairah | 623.50 | 9.50 | 861.50 | 10.00 |
| Global 20 Ports Average | 633.50 | 6.00 | 844.00 | 0.00 |
| Global 4 Ports Average | 607.00 | 9.50 | 792.50 | 8.00 |
| Global Average Bunker Price | 672.50 | 7.00 | 899.50 | 1.00 |
Popular Now More
-
Jun 25Revenue sank to $14.5 billion from $16.6 billion a year earlier. -
Jun 25Bunker Holding's earnings were hit by the termination of cargo activities in Africa, its parent company said. -
Jun 24While for previous editions it has taken several years for new ISO specifications to be used widely in bunker deals, a much faster turnaround is expected this time.