World News
LNG Carrier Coral Methane to Be Converted to LNG Bunker Vessel
Anthony Veder today announced that it has signed a contract with Shell to modify the liquefied natural gas (LNG) carrier Coral Methane into an LNG bunker vessel - said to be the first conversion of its kind.
The conversion of the 7,500 cubic metre (cbm) vessel currently operates for Shell as a multipurpose vessel.
"We are proud to offer Shell this pioneering solution that once again emphasizes our expertise and continuous focus on safety and innovation," said Jan Valkier, CEO of Anthony Veder.
"Furthermore, the modification project enables us to continue to build on our strong partnership with Shell and to drive sustainable change in our industry."
The Coral Methane is set to serve LNG bunkering demand across Europe, and is slated to operate primarily in the southern part of the North Sea and the Mediterranean Sea.
"The Coral Methane plays a crucial part in developing LNG business for both Anthony Veder and Shell, in the first instance by expanding LNG transport in the Norwegian area," explained Anthony Verder.
"The combined gas carrier has also demonstrated her extensive possibilities by setting a track record of successful LNG ship-to-ship transfers as well as LNG ship-to-shore operations and vice versa."
Modifications on the Coral Methane are due to start in early 2018.
As Ship & Bunker reported last year, the Coral Methane was the first vessel to load at the newbuild GATE jetty 3 LNG terminal in Rotterdam.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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