World News
MOL to Charter LNG Carrier to TotalEnergies
Monday January 13, 2025
Japanese shipping firm Mitsui OSK Lines (MOL) recently unveiled its newest 176,000 m3 LNG carrier MOL Azure at a naming ceremony held at the Geoje Shipyard of Hanwha Ocean Co in South Korea.
The MOL Azure will sail under a time charter agreement with TotalEnergies Gas & Power Limited (TGPL), MOL said in a statement on its website on Friday.
The multi-year time charter agreement was signed back in September 2022. The MOL Azure will now head to the US to conduct its first loading.
The global LNG-fuelled fleet currently comprises 642 vessels, with an additional 227 expected to enter service this year, according to data from classification society DNV.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 582.50 | 7.50 | 707.00 | 6.50 |
| Rotterdam | 541.00 | 6.00 | 682.50 | 9.50 |
| Houston | 586.50 | 16.00 | 734.00 | 23.00 |
| Fujairah | 573.00 | 4.00 | 762.50 | 7.50 |
| Global 20 Ports Average | 596.50 | 5.00 | 774.00 | 1.00 |
| Global 4 Ports Average | 570.50 | 8.00 | 721.50 | 11.50 |
| Global Average Bunker Price | 641.50 | 11.50 | 821.00 | 6.00 |
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