World News
MISC Takes Delivery of Third Vessel in of Series of Three Fuel-Efficient Newbuilds
Malaysia's MISC Berhad (MISC) today announced that it has taken delivery of Seri Cempaka, the third in a series of five fuel-efficient Moss-Type Seri-C Class Liquefied Natural Gas (LNG) carriers.
The 150,200 cbm LNG carrier, which was built by Hyundai Heavy Industries (HHI), was designed to minimise hull resistance, increase propulsion efficiency, reduce power requirements, and reduce CO2 emissions.
"Energy saving devices include pre-swirl duct and propeller boss cap fins, providing around 4 percent energy savings at design draft, along with an X-twister rudder for improved maneuvering performance," said MISC.
Seri Cempaka joins sister vessels, newbuilds Seri Cenderawasih and Seri Camellia, on long-term charter to Petroliam Nasional Berhad (PETRONAS).
MISC notes that the vessels have been awarded the Green Passport Notification, and can operate entirely on LNG for full compliance with existing and impending sulfur emissions control area (ECA) regulations.
"Seri Cempaka and her sister MOSS-Type Seri C Class vessels are a feat of engineering that have placed operational efficiency and environmental responsibility at the core. The result is an LNG carrier of unrivalled performance, reflecting the commitment of our trusted partner, MISC, in supporting our global operations," said YBhg Datuk George Ratilal, Executive Vice President and Group CFO at PETRONAS.
In May, Koch Supply & Trading (KS&T) announced the completion of the first of multiple and regular ship-to-ship (STS) LNG transfers with China-based JOVO Group Co., Ltd. (JOVO) and MISC - the first LNG STS transfer in the Philippines.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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