World News
BGN Orders Two More Dual-Fuel VLGCs from HD HHI
Commodity trading firm BGN has placed orders for two additional dual-fuel very large gas carriers (VLGCs) from HD Hyundai Heavy Industries (HD HHI).
The two vessels, each with a cargo capacity of 93,000 m3, will be built at HD HHI's shipyard in South Korea, the company said in a statement on its website on June 5.
The two ships are scheduled for delivery by 2029.
The latest order follows BGN's recent contract for four additional dual-fuel VLGCs and will increase the company's owned LPG VLGC fleet to 19 vessels.
These vessels will also be capable of transporting ammonia.
BGN did not specify the fuels that will power the dual-fuel vessels. While many recently ordered VLGCs transporting LPG have been equipped with LPG dual-fuel engines, the company did not confirm whether that will be the case for these ships.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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