World News
LNG Leads July Alt-Fuel Orders, While Ammonia Sees Movement: DNV
A total of 28 new alternative-fuelled vessels were ordered in July, up from 19 booked in June, according to classification society DNV.
Of these, 22 were LNG-fuelled vessels, with the majority - 19 vessels - coming from the container segment, Kristian Hammer, product manager AFI and senior consultant at DNV, said in a LinkedIn post on Friday.
Ammonia also made gains during the month, with orders placed for two ammonia-fuelled gas carriers. Additionally, an ammonia bunker vessel was added to the global orderbook.
"While still early-stage, this could be a signal that infrastructure planning is beginning to align with long-term fuel strategies," Hammer noted.
Methanol also featured in July's tally, with three vessels ordered - two bulk carriers and one offshore vessel.
So far this year, DNV's Alternative Fuels Insight (AFI) platform has recorded 109 LNG-fuelled vessel orders, followed by 43 for methanol, 17 for LPG, five for ammonia and four for hydrogen.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 506.00 | 7.00 | 661.00 | 2.00 |
| Rotterdam | 480.00 | 0.50 | 667.50 | 2.50 |
| Houston | 490.50 | 1.00 | 647.50 | 3.00 |
| Fujairah | 497.00 | 4.50 | 726.50 | 0.00 |
| Global 20 Ports Average | 537.00 | 4.00 | 756.50 | 10.00 |
| Global 4 Ports Average | 493.50 | 2.50 | 675.50 | 0.50 |
| Global Average Bunker Price | 577.00 | 3.00 | 797.50 | 0.50 |
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