World News
Energy Producer Total Charters LNG-Powered VLCCs to AET
Tuesday April 7, 2020
French energy producer Total has signed a deal to charter out its first very large crude carriers (VLCCs) capable of running on LNG, the company said Tuesday.
Total has agreed to charter the two new VLCCs to Malaysia's AET upon their delivery in 2022, the company said in an emailed statement.
Total will provide the LNG to fuel the ships.
"The use of LNG to fuel our chartered vessels is the illustration of our determination to reduce the carbon footprint of our activities," Luc Gillet, senior vice president for shipping at Total, said in the statement.
"With this decision, we reaffirm today our positive contribution to a sustainable shipping industry and our commitment to extend the use of LNG as a clean marine fuel."
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 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25Government investigating after test results altered 'to make the fuel consumption data look better'. -
Apr 26The company is looking for candidates with bunker trading professional certifications and at least six years of experience in a similar role.