World News
NYK Group Takes on Methanol-Fuelled Chemical Tanker
Japanese shipping firm NYK Group has taken delivery of a new methanol-fuelled chemical tanker.
The Seymour Sun, owned by Singapore-based NYK Bulkship and built in South Korea, was delivered on January 27, NYK said in a statement on its website on Thursday.
The vessel will be chartered to Waterfront Shipping Limited, the shipping unit of methanol producer Methanex Corporation.
"Seymour Sun has been equipped with a dual-fuel engine that can use not only heavy fuel oil but also methanol," NYK said in the statement.
"Furthermore, when navigating using methanol as fuel, the vessel has a new technology that suppresses the production of NOx by adding water to methanol to lower its temperature during combustion.
"As a result, the vessel can comply with the IMO's stringent Tier III NOx emission standard and contribute to environment-friendly transportation without the need for an exhaust gas recirculation system and a selective catalytic reduction device."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 3.50 | 700.00 | 14.50 |
| Rotterdam | 512.50 | 4.00 | 695.00 | 17.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 562.50 | 2.50 | 755.00 | 0.00 |
| 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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