World News
U-Ming Expands into LNG Market in Partnership with K-Line
Taiwan’s shipowner U-Ming has teamed up with Japanese shipping firm Kawasaki Kisen (K-Line) to expand LNG transport.
The two companies will form a joint venture focused on LNG carrier operations, U-Ming said in a statement on its website.
As part of the collaboration, U-Ming and K-Line have jointly invested in a 174,000 m3 LNG carrier, currently under construction at South Korea's Samsung Heavy Industries.
Through this partnership, U-Ming seeks to expand its shipping portfolio beyond dry bulkers and tankers to include LNG carriers.
The company currently operates a fleet of various ship types, including Capesize, Panamax and Ultramax.
The LNG carrier equipped with dual-fuel engines will be delivered by 2026.
“Both companies will also focus on exploring more long-term and stable cooperation opportunities to further improve the operational efficiency and financial performance of both companies.”
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 610.00 | 1.50 | 741.00 | 15.50 |
| Rotterdam | 554.50 | 4.50 | 709.00 | 15.00 |
| Houston | 591.00 | 8.00 | 772.00 | 5.00 |
| Fujairah | 593.00 | 5.00 | 778.00 | 14.00 |
| Global 20 Ports Average | 615.50 | 3.50 | 810.00 | 6.50 |
| Global 4 Ports Average | 587.00 | 5.00 | 750.00 | 12.50 |
| Global Average Bunker Price | 656.00 | 2.00 | 848.50 | 2.50 |
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