World News
Evergreen Containers to go on X-Press' Green Methanol Ships
Monday February 5, 2024
Box ship operator Evergreen Marine Corporation and X-Press Feeders have signed a memorandum of understanding for the latter to carry the former's containers on X-Press Feeders new dual-fuel ships that are to use green methanol as bunker fuel.
The agreement will also see the two companies work towards the launch of a feeder network powered by green methanol.
Singapore-based X-Press said in December that it intended to fuel part of its European fleet with green methanol bunker fuel.
The company has ordered 14 green methanol-burning newbuilds.
From the start of this year, ships going to ports within the European Union are to come under the EU emissions trading scheme.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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