World News
Golden Ocean Takes on 'Duel-Fuel-Ready' Bulkers
Shipping firm Golden Ocean is set to take on three new bulkers capable of being converted at a later date to run on alternative bunker fuels.
The company has ordered three 85,000 DWT Kamsarmax bulk carriers from a Chinese shipyard, it said in a statement on its website on Thursday. The ships are due for delivery between the third quarter of 2023 and the first quarter of 2024.
"The vessels will be equipped with the latest and most efficient propulsion system, contributing with significant improvements in fuel consumption and emissions performance," the company said in the statement.
"The vessels are dual-fuel ready, giving the Company time to evaluate alternatives while the visibility of future regulations and optimal technology improves."
The company has not stated which alternative fuels it has in mind for the new vessels, or whether it has any firm plans to convert them.
Golden Ocean's bunker needs are currently covered by supplier TFG Marine, of which the shipping company is one of the three main shareholders.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 570.00 | 1.00 | 683.00 | 2.50 |
| Rotterdam | 515.50 | 1.00 | 685.00 | 7.50 |
| Houston | 555.00 | 1.00 | 678.00 | 1.00 |
| Fujairah | 563.00 | 2.00 | 754.50 | 0.50 |
| Global 20 Ports Average | 587.50 | 1.50 | 765.00 | 0.50 |
| Global 4 Ports Average | 551.00 | 1.00 | 700.00 | 1.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 812.50 | 1.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 26The new hire previously worked as a bunker trader for IBT Bunkering & Trading in Hamburg. -
Nov 25The organisation has been focused on developing a standard clause that is workable for most scenarios and commercial relationships, following feedback from industry consultations.