World News
Carnival's Strang Looks to LNG Bunker Fuel, Cites CMA CGM Move on the Same
A senior executive with cruise line operator Carnival has pointed to a preference for liquified natural gas (LNG) bunker fuel as a longer term solution to ship emissions.
Senior vice-president for maritime affairs Tom Strang told a London shipping event last week that LNG would future-proof the company.
"We are looking at technology for the future," Strang was quoted as saying by trade publication Passenger Ship Technology.
"LNG has the best emissions profile of any fossil fuel and meets and exceeds all current requirements and those in the foreseeable future.
"We are not saying it is a silver bullet, but it goes a long way with regards to emissions profile reductions."
Strang referenced CMA CGM's decision to fit out newbuilds for LNG fuel saying the move constituted a "step change" in world shipping.
Carnival has on its orderbook seven newbuilds that will be fuelled by LNG.
In addition to LNG as bunker fuel, Carnival is looking at fuel cells having invested in several research projects in this area while 161 exhaust gas cleaning systems, often referred to as scrubbers, have been installed across 64 of its ships.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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