World News
Teekay Marks Completion of Sea Trials for Tri-Fuel Newbuild
The Teekay Corporation (Teekay) Tuesday announced that Pan Asia - the first of four 174,000 cubic metre (cbm) tri-fuel diesel electric (TFDE) liquefied natural gas (LNG) carrier newbuildings - has successfully completed sea trials off the east coast of Shanghai in the East China sea.
The LNG carrier newbuildings are being built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong-Zhonghua Shipbuilding) in China, and are owned by a Joint Venture (JV) including China National Offshore Oil Corporation, China LNG Group, BW Group, and Teekay.
"The completion of the sea trials of Pan Asia marks a significant milestone in this project, with gas trials soon approaching the end of July," said Teekay.
"The vessel performance exceeded expectations from a manoeuvrability, speed and vibration point of view."
The newbuild vessels, which are scheduled to delivered from September 2017 to January 2019, are set to operate under 20-year time-charter contracts with Methane Services Limited, a wholly-owned subsidiary of Royal Dutch Shell plc (Shell).
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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