World News
New Dual-Fuel Ethane Carrier Joins ADNOC L&S Joint Venture Fleet
AW Shipping, a joint venture between ADNOC L&S and China’s Wanhua Chemical Group, has taken delivery of a second dual-fuel ethane carrier - Gas Mingjiang.
The first 99,000 m3 vessel, Gas Yongjiang, was delivered in August, ADNOC L&S said in a LinkedIn post on Monday.
The vessels can run on ethane and conventional marine fuels.
In July 2024, AW Shipping signed a $1.4 billion contract with Jiangnan Shipyard in China.
All remaining vessels are expected to be delivered by 2028.
"Together, these vessels mark a major step forward in strengthening our ability to deliver cleaner energy to global markets," ADNOC L&S said.
"With each delivery, we are enhancing our capabilities, expanding our global footprint, and reinforcing our commitment to a lower-carbon future."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 459.00 | 11.00 | 672.50 | 2.00 |
| Rotterdam | 430.00 | 13.00 | 655.00 | 15.00 |
| Houston | 451.50 | 1.00 | 662.50 | 4.50 |
| Fujairah | 466.00 | 8.00 | 731.50 | 2.00 |
| Global 20 Ports Average | 501.50 | 4.50 | 753.50 | 3.50 |
| Global 4 Ports Average | 451.50 | 8.50 | 680.50 | 3.50 |
| Global Average Bunker Price | 545.50 | 4.50 | 792.00 | 8.50 |
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