World News
Japan's MOL to Install Hard Sail System on Bulker
Japanese shipping company MOL is set to have a hard sail system installed on one of its new bulkers.
The firm has developed the Wind Challenger system in conjunction with the Oshima Shipyard for a new bulker currently under construction at the Japanese yard, it said in a statement on its website on Tuesday.
After shoreside tests, the system will be installed on the bulker for sea trials. The vessel is due for delivery in the autumn of 2022, and will be used to carry cargoes for Tohoku Electric Power Co.
"MOL have been promoting the Wind Challenger Project to harness wind as a propulsive force for merchant ships," the company said in the statement.
"The additional propulsion power from wind can reduce a vessel's greenhouse gas emissions by an estimated 5% to 8% compared to conventional ships of the same class."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 579.00 | 12.50 | 633.00 | 0.00 |
| Rotterdam | 520.50 | 4.50 | 619.50 | 9.00 |
| Houston | 507.00 | 1.50 | 636.50 | 2.00 |
| Fujairah | 567.50 | 10.00 | 763.50 | 5.00 |
| Global 20 Ports Average | 591.00 | 6.50 | 726.00 | 2.50 |
| Global 4 Ports Average | 543.50 | 7.00 | 663.00 | 3.50 |
| Global Average Bunker Price | 635.50 | 8.00 | 803.50 | 2.50 |
Popular Now More
-
Sep 25The firm has arranged an $80 million debtor-in-possession financing facility to fund a restructuring process and allow it to continue normal operations in the meantime. -
Sep 26Gulf Petrochem FZC is seeking a reversal of the sale and AED 100 million in damages, a source tells Ship & Bunker. -
Sep 25The new manager was previously a senior commodity market manager for EY in London.