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Everllence Sees Strong Demand for Flexible Ship Engine Platform
Engine manufacturer Everllence has said demand is growing for its Mk10.7 ship engine platform as owners look for more flexibility over future marine fuel choices.
The company has received orders for more than 160 Mk10.7 engines as of last month, Everllence said in an email statement on Tuesday.
The engines can run on conventional marine fuel or be configured for alternative fuels including methanol and LNG.
Everllence added that shipowners are looking for solutions that can help meet decarbonisation goals without committing too early to a single marine fuel option.
Recent orders include eight methanol-capable engines for container ships being built at Yantai CIMC Raffles in China for Hapag-Lloyd.
The engines will be built by Hanwha Engine.
“Today’s shipowners are navigating a dual challenge: advancing the energy transition while safeguarding energy security and commercial resilience,” Bjarne Foldager, head of two-stroke business at Everllence, said.
The company said the platform is being used across container ships, tankers, car carriers and bulkers.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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