World News
Cosco Shipping Names LPG Dual-Fuel Gas Carrier
Friday September 11, 2026
China’s Cosco Shipping has named its new LPG dual-fuel very large gas carrier.
The 88,000 m3 vessel was named Chang Ping Yuan, the firm said in a social media post on Thursday.
The vessel is equipped with an LPG dual-fuel engine, capable of running on LPG or conventional marine fuels.
Cosco said the vessel can cut CO2 emissions by around 20%.
LPG remains a niche alternative marine fuel, with its use concentrated almost entirely in gas carriers.
Classification society DNV data shows that the global LPG-fuelled fleet currently comprises 179 vessels, with a further 160 expected to enter service by 2030.
LPG carriers account for 165 of the existing LPG-fuelled vessels.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 854.00 | 11.50 | 1278.50 | 11.00 |
| Rotterdam | 681.00 | 5.50 | 1400.00 | 10.00 |
| Houston | 725.50 | 15.00 | 1364.50 | 23.50 |
| Fujairah | 944.50 | 19.00 | 1675.50 | 9.00 |
| Global 20 Ports Average | 860.50 | 15.50 | 1522.00 | 1.50 |
| Global 4 Ports Average | 801.00 | 13.00 | 1429.50 | 4.00 |
| Global Average Bunker Price | 922.00 | 13.00 | 1596.50 | 2.50 |
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