World News
Finnlines Targets Fleet-Wide 7% Bunker Savings
Wednesday May 8, 2024
Finnlines says it is targeting bunker savings of some 7% accross its ro-ro and ro-pax fleets with the adoption of a graphene-based hard foul release hull coating from GIT Coatings.
The XGIT-FUEL hull coating was first applied to one of its vessels in 2022. This was followed by four vessels as part of a recently signed fleet agreement.
It has since moved to apply the hull coating across its entire ro-ro and ro-pax fleet.
“By integrating XGIT-FUEL into our fleet, we are not only reducing costs and advancing our environmental goals but also setting a new standard in the industry for environmental responsibility,” said Thomas Doepel, VP and Deputy CEO at Finnlines.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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