World News
New Knutsen LNG Tanker Capable of Delivering $1 Million Annual Bunker Savings: HHI
Hyundai Heavy Industries Co., Ltd. (HHI) Monday announced it has delivered a newbuild liquefied natural gas (LNG) carrier, which it says is capable of delivering $1 million in annual bunker savings, to Knutsen OAS Shipping AS (Knutsen), LNG World Shipping reports.
The 176,000 cubic metre (cbm) La Mancha Knutsen has a number of energy saving features, including a boil-off gas system that, in contrast to conventional systems that can only partially re-liquefy BOG, is said to be capable of re-liquefying 100 percent of the BOG for later use as fuel by the ship fuel.
HHI says the gas treatment system is capable of saving $1 million in annual bunker costs, or $25 million over the expected vessel life of 25 years.
The new delivery is said to be the first of a series of two vessels ordered by Knuten from HHI in 2014, each valued at more than $203.7 million.
In March, Ship & Bunker reported that HHI had signed a joint development project agreement to work with Lloyd's Register (LR) and General Electric (GE) on the design of a 14,000 TEU container ship powered by LNG fueled gas turbines and electric motors.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.00 | 770.00 | 5.00 |
| Rotterdam | 602.50 | 1.00 | 762.00 | 2.50 |
| Houston | 630.50 | 4.00 | 796.50 | 2.50 |
| Fujairah | 648.50 | 0.50 | 900.00 | 4.50 |
| Global 20 Ports Average | 666.00 | 2.00 | 856.00 | 1.00 |
| Global 4 Ports Average | 632.50 | 0.50 | 807.00 | 1.00 |
| Global Average Bunker Price | 715.50 | 1.00 | 893.00 | 8.00 |
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