World News
HMM Eyes Order for Methanol Powered Tonnage
Top 10 box carrier HMM will reportedly opt for methanol burning engines on a new series of compact 8,000 teu capacity container ships.
Industry specialists Alphaliner this week said the box carrier is in talks with a number of yards in its native South Korea for up to nine such vessels.
Methanol has been identified as one of several potential future marine fuels to help the industry meet its IMO 2030 and IMO 2050 decarbonization goals.
Backing for methanol has grown considerably this year following orders for methanol-powered tonnage by HMM peers Maersk , CMA CGM, and COSCO - respectively the world's second, third, and fourth largest carriers by capacity.
HMM is rated as the world's eighth largest carrier by capacity with 3.1% of market share, according to Alphaliner.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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