World News
GAS Entec to Build LNG-Powered Reefer Carrier
South Korea-based engineering and design firm GAS Entec Co., Ltd. (GAS Entec) has announced plans to build a liquefied natural gas (LNG)-fuelled reefer carrier.
"This vessel, which will be recorded as the world's first LNG-fuelled reefer carrier, will become GAS Entec’s state-of-the-art of LNG technology," said GAS Entec.
The 155,000 ft3 vessel is to be built under an agreement with refrigeration cargo shipper SEoIL Agency Co., Ltd. (SEoIL).
GAS Entec will jointly develop the vessel's LNG refrigerant system with Dongwha Entec, and will apply the cycle and generator as a dual fuel engine in cooperation with Wärtsilä.
"If this new refrigerated cargo carrier is proven to have a 30 percent operating cost savings compared to the existing one, it will be big impact to hundreds of homogenous newbuilding markets around the world," said GAS Entec.
As Ship & Bunker reported in August, Atlantic, Gulf & Pacific Company (AG&P) announced it had made a "major investment" in GAS Entec that would see the two companies work together to provide a variety of onshore and floating LNG products, including LNG bunkering, storage, regasification, LNG-fuelled power solutions, mooring structures, and storage applications.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 646.50 | 5.50 | 773.50 | 11.50 |
| Rotterdam | 604.00 | 5.00 | 756.00 | 5.00 |
| Houston | 630.50 | 1.00 | 798.50 | 4.00 |
| Fujairah | 650.50 | 3.00 | 897.00 | 13.50 |
| Global 20 Ports Average | 662.50 | 1.00 | 858.50 | 0.50 |
| Global 4 Ports Average | 633.00 | 3.50 | 806.00 | 6.50 |
| Global Average Bunker Price | 718.50 | 0.50 | 914.00 | 1.00 |
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