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Titan LNG Joins Gas-Powered Shipping Industry Body SEA-LNG
LNG bunker supplier Titan LNG has joined SEA-LNG, the industry body seeking to promote the use of natural gas as a marine fuel.
Titan LNG is seeking to use its membership to expedite the shipping industry's decarbonisation through the use of LNG, bio- and synthetic LNG, it said in an emailed statement on Tuesday.
"Scaling up production is a key challenge for all alternative marine fuels," Michael Schaap, marine commercial director at Titan, said in the statement.
"Therefore, it's important to share knowledge and expertise.
"SEA-LNG has a strong network of industry experts and plays a critical role in outlining the benefits of LNG to the market and supporting innovation by facilitating collaboration.
"As Titan continues to expand the supply of bio-LNG, despite challenging market conditions, we anticipate membership of SEA-LNG will bring real benefits to the business and our customers."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 3.50 | 700.00 | 14.50 |
| Rotterdam | 512.50 | 4.00 | 695.00 | 17.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 562.50 | 2.50 | 755.00 | 0.00 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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