World News
SIBCON 2024: Maersk Takes Methanol Bunkers at Six Locations
Container line AP Moller-Maersk has already taken delivery of methanol as a bunker fuel at a wide range of locations around the world.
The firm has bunkered methanol at a total of six ports so far, Emma Mazhari, CEO of Maersk Oil Trading, told Ship & Bunker on the sidelines of the Sibcon industry event in Singapore on Wednesday.
The ports in question are Ulsan, Shanghai, Singapore, Port Said, Rotterdam and Amsterdam.
Some of these delivery locations were necessitated by the smaller fuel tanks on board the company's first methanol-fuelled ship, the 2,100 TEU feeder vessel Laura Maersk, to keep it topped up with methanol on its maiden voyage from Asia to Europe, and are thus unlikely to be repeated at least in the short term.
Maersk has been a significant early backer of the methanol bunker industry.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 3.50 | 700.00 | 14.50 |
| Rotterdam | 512.50 | 4.00 | 695.00 | 17.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 562.50 | 2.50 | 755.00 | 0.00 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 25The firm has installed rotor sails expected to save 10-15% in fuel consumption on transpacific routes on board the Chinook Oldendorff. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel.