World News
Wärtsilä Wins First Methanol Engine Order
Marine engineering company Wärtsilä has won its first order to build methanol-fuelled ship engines.
The company will deliver five engines and the methanol fuel supply system for an offshore wind installation vessel being built for Netherlands-based Van Oord, it said in a statement on its website this week. The equipment is due for delivery early next year.
"The methanol engine order extends Wärtsilä's leading position in support of the maritime industry's decarbonisation ambitions, and in the use of the fuel," the company said in the statement.
"Wärtsilä has over half a decade's experience with methanol, having converted the first of four engines on Stena Germanica to use the fuel in 2015."
Container shipping giant AP Moller-Maersk is set to be the largest early user of methanol as a marine fuel, with 13 methanol-fuelled boxships on the way before 2026. These ships will represent about 4.5% of its current container capacity.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 553.50 | 0.00 | 673.00 | 0.00 |
| Rotterdam | 514.50 | 0.00 | 651.00 | 0.00 |
| Houston | 545.00 | 0.00 | 671.00 | 0.00 |
| Fujairah | 543.00 | 0.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 574.00 | 0.00 | 748.00 | 0.00 |
| Global 4 Ports Average | 539.00 | 0.00 | 685.50 | 0.00 |
| Global Average Bunker Price | 627.00 | 0.50 | 799.50 | 1.00 |
Popular Now More
-
Dec 24The 9,500 DWT heavy lift vessel Ursa Major sustained an engine room explosion in the Strait of Gibraltar at about 12:30 PM local time on Monday. -
Dec 23Since its launch in late June, the company's first 100 deliveries have primarily focused on LSMGO supply by barge to container ships and tankers in New York Harbor, CEO John Barbarise tells Ship & Bunker. -
Dec 23The company carried out worldwide marine fuel trading from offices in Singapore.