World News
Yang Ming Invests in More Scrubbers
Wednesday January 18, 2023
Top 10 carrier Yang Ming has decided to invest in more scrubbers.
The Taiwanese player's board members have voted to fit units to a further three of its owned 8,626 TEU capacity box ships, sector specialists Alphaliner said in its latest weekly report.
Yang Ming's five other owned vessels are already fitted with scrubbers.
Yang Ming operates a total of 32 scrubber equipped vessels, making it the eighth largest operator of ships with EGCS systems, according to data from Alphaliner.
The move follows an excellent year for owners of scrubber equipped tonnage, with data from Ship & Bunker showing the daily premium for VLSFO over HSFO more then doubled in 2022 to $240/mt.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| 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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