World News
K Line Adds New Dual-Fuel LNG Carrier to Fleet
Kawasaki Kisen Kaisha (K LINE) has added a new LNG carrier to its fleet as it continues to expand its LNG shipping business through long-term contracts.
The 174,000 m3 vessel, built by Samsung Heavy Industries in South Korea, was named Toho Emerald at a ceremony on September 9, K Line said in a statement on its website on Thursday.
It is owned by T.K. LNG Shipping, a joint venture between K LINE and Toho LNG Shipping, a wholly owned subsidiary of Toho Gas.
The carrier will transport LNG for Toho Gas and support the company’s energy supply operations.
The vessel is fitted with an LNG dual-fuel engine.
LNG is seen as a more mature alternative marine fuel and is more widely available compared to other fuels such as methanol.
While it emits less CO2 than conventional fuels, methane slip - involving a potent greenhouse gas - undermines part of the fuel's green credentials.
Some shipowners are looking towards cleaner bio-LNG as an alternative, as it can be used in existing LNG-fuelled ships and delivers higher net GHG savings.
The new carrier is expected to support Toho Gas’ LNG supply needs while strengthening K LINE’s position in the LNG shipping market.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 876.50 | 22.50 | 1323.00 | 44.50 |
| Rotterdam | 700.00 | 19.00 | 1408.50 | 8.50 |
| Houston | 739.00 | 13.50 | 1384.00 | 19.50 |
| Fujairah | 960.00 | 15.50 | 1694.00 | 18.50 |
| Global 20 Ports Average | 873.00 | 12.50 | 1541.00 | 19.00 |
| Global 4 Ports Average | 819.00 | 18.00 | 1452.50 | 23.00 |
| Global Average Bunker Price | 925.50 | 3.50 | 1603.50 | 7.00 |
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