World News
Hapag-Lloyd Orders Eight New Methanol-Fuelled Boxships
Container line Hapag-Lloyd has ordered eight new boxships capable of running on methanol.
The firm has ordered the eight 4,500 TEU dual-fuelled vessels for delivery between 2028 and 2029, CEO Rolf Habben Jansen said in a LinkedIn post on Friday.
The ships will cut GHG emissions by a total of up to 350,000 mtCO2e/year.
"The ships will be equipped with state-of-the-art dual-fuel methanol engines and will be up to 30 percent more efficient than older vessels of similar size," the CEO said.
"The new ships will help further decarbonize the Hapag-Lloyd AG fleet, replace older tonnage, and reduce our dependence on the charter market.
"What's more, operating these state-of-the-art ships will be much more cost-efficient."
Methanol is growing rapidly as an alternative marine fuel, driven in particular by orders from the container segment. Its long-term viability and ability to take significant market share from other fuels will depend upon a rapid scaling-up of green methanol supply to meet new demand from both shipping and other industries.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 429.00 | 4.50 | 642.50 | 13.00 |
| Rotterdam | 397.50 | 4.50 | 630.00 | 5.50 |
| Houston | 418.50 | 9.00 | 623.00 | 6.50 |
| Fujairah | 423.00 | 4.00 | 710.00 | 8.00 |
| Global 20 Ports Average | 464.00 | 2.00 | 739.00 | 5.00 |
| Global 4 Ports Average | 417.00 | 5.50 | 651.50 | 8.00 |
| Global Average Bunker Price | 513.00 | 2.00 | 781.50 | 4.50 |
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