World News
Everllence Wins Order for 10 Methanol-Fuelled Engines from Chinese Shipyard
Engine manufacturer Everllence has secured an order for 10 methanol-fuelled engines from China’s Qingdao Beihai shipyard.
The engines will be fitted on 325,000 dwt vessels that are being built for Chinese owners Shandong Shipping and Bohai Ocean Shipping, Everllence said in an email statement on Thursday.
Upon completion, these vessels will go on charter to Brazilian miner Vale S.A. for iron ore shipments from Brazil to China.
Each dual-fuel engine will be delivered with Everllence’s proprietary EGRTC (Exhaust Gas Recirculation – Turbocharger Cut-out) system for Tier III NOx compliance.
“Over the years, we have experienced a wave of ME-LGIM orders and it is encouraging to see prominent players demonstrating their decarbonisation credentials in taking these vessels on charter,” Bjarne Foldager, Head of Two-Stroke Business at Everllence, said
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 487.50 | 3.50 | 688.00 | 10.50 |
| Rotterdam | 454.50 | 1.00 | 683.50 | 11.00 |
| Houston | 486.00 | 3.00 | 688.00 | 2.50 |
| Fujairah | 487.50 | 6.00 | 735.00 | 6.50 |
| Global 20 Ports Average | 518.00 | 3.50 | 768.50 | 5.50 |
| Global 4 Ports Average | 479.00 | 3.50 | 698.50 | 7.50 |
| Global Average Bunker Price | 551.50 | 2.00 | 803.00 | 2.50 |
Popular Now More
-
Sep 24Oilmar's management is now in the process of taking over ownership of the company, CEO Yusif Mammadov said in a note to clients seen by Ship & Bunker. -
Sep 25Ahrens first joined the company in September 2022, serving on the board of Bunker One LNG in addition to her senior directorship. -
Sep 23Peder Møller will take over as CEO of the world's largest marine fuels firm on October 6, succeeding Keld R. Demant.