World News
21 New LNG-Fuelled Ship Orders in July
Another 21 ships capable of running on natural gas as a bunker fuel were ordered in July, according to classification society DNV.
A total of 563 LNG-fuelled ships have already been delivered or are on order, DNV said in a LinkedIn post on Monday, as well as 199 LNG-ready ships. 21 were added last month.
Continuing at the current pace, a 'staggering' 250 LNG-fuelled ships would be added to the orderbook in total this year, the company said.
LNG-fuelled ship orders have risen rapidly over the past year with some owners seeing them as an early stage towards complying with future carbon emission regulations. The current generation of LNG-fuelled ships will be able to run on bio- or synthetic LNG when they become available, and may be suitable for retrofits to run on ammonia if necessary.
Four methanol-powered ships were added to the orderbook last month, including Maersk's first order of a carbon-neutral ship.
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 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.