World News
Peninsula Makes First Gas Bunkering, Eyes Newbuilds
Physical bunker supplier Peninsula Petroleum that announced a new venture into the alternative marine fuel, liquified natural gas, last week has handled its first LNG bunker supply.
The fuelling took place in Malaysian waters to the bulk carrier HL Green and was executed in partnership with Petronas Marine. At 2,760 cubic meters,the bunkering ranks among the largest LNG bunker deliveries performed to date, according to the company.
Nacho De Miguel, who heads up its LNG business, said that delivery was made within 20 hours.
"A record time for the quantity supplied, including the cooling down of an LNG tank," he added.
The Peninsula group is working on multiple deals in strategic bunkering locations worldwide, it said.
In addition, the company is considering developing its own LNG bunkering fleet and "is currently in discussions with several shipowners and shipyards to materialise its strategic LNG plan".
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
Popular Now More
-
Dec 23The company carried out worldwide marine fuel trading from offices in Singapore. -
Dec 232024's total is heading for a 3.4% gain from 2023 and the highest level since 2019, according to the latest market survey from Ship & Bunker and 2050 Marine Energy. -
Dec 23"We're being ripped off at the Panama Canal like we're being ripped off everywhere else," President Trump was cited as saying at an event in Arizona on Sunday.