World News
Construction Begins on Finnlines Methanol-Fuelled Ship
Shipping company Finnlines has started construction of the first methanol-fuelled vessel in its new Hansa Superstar series at CMI Weihai Shipyard in China.
The steel-cutting ceremony for the first of three ro-pax vessels took place on Friday, it said in a press release issued on Friday.
The ship is scheduled to enter service in 2028 on the Finland-Germany route.
Finnlines said the vessel will use methanol dual-fuel engines and include technologies such as air lubrication, waste heat recovery, shore power, and a 2 MWh battery system to reduce emissions.
The vessel will be about 244 m long, carry up to 1,000 passengers and provide 5,100 lane m of cargo capacity.
The €500 million programme includes three vessels, with construction of the second and third ships due to begin in 2027.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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