World News
Total Launches World's Largest LNG Bunkering Vessel
Total has launched its first mega-LNG bunkering vessel, in what is unquestionably a watershed moment for gas bunker advocates.
The yet-to-be-named ship will be delivered in 2020 and enter service in Northern Europe.
With a capacity of 18,600 cbm it will be he the world's largest LNG bunkering vessel by a considerable margin; it is more than twice the size of the current title-holder, Nauticor's 7,500 cbm capacity Kairos.
For perspective, Rotterdam's 2018 annual LNG bunker sales total was 9,500 mt.
Total's LNG bunkering vessel is a key part of CMA CGM’s plan to operate the world's first ultra-large containerships powered entirely by LNG. The carrier has nine such vessels entering service and in 2017 signed a 10 year, 300,000 mt per annum LNG bunker supply deal with Total.
“Developing infrastructure like this giant bunker vessel is essential to allow LNG to become a widely used marine fuel,” said Momar Nguer, President for Total Marketing & Services.
The vessel was built by Hudong-Zhonghua Shipbuilding at their shipyard near Shanghai.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.00 | 9.50 | 674.00 | 4.50 |
| Rotterdam | 507.00 | 5.00 | 663.50 | 12.50 |
| Houston | 549.50 | 2.50 | 677.00 | 5.00 |
| Fujairah | 548.50 | 7.00 | 748.50 | 4.50 |
| Global 20 Ports Average | 580.00 | 3.50 | 761.00 | 1.50 |
| Global 4 Ports Average | 540.00 | 6.50 | 691.00 | 6.50 |
| Global Average Bunker Price | 625.50 | 7.00 | 809.50 | 1.50 |
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