World News
John T Essberger Exercises Contract Option for Two More Methanol-Ready Tankers
German shipping firm John T Essberger has ordered two additional chemical tankers from China's Nantong Rainbow Offshore & Engineering Equipment.
This follows the initial order of two vessels in September, bringing the total to four, FKAB Marine Design said in a statement on its website.
The 13,000-dwt new builds are based on an FKAB design, with the first vessel scheduled for delivery in April 2027.
While designed for future methanol propulsion, the ships will initially operate on conventional marine fuels upon delivery.
So far, several vessels ordered with similar methanol notation have not been retrofitted to run on methanol, highlighting the industry's cautious approach to alternative fuel adoption.
"These ships have the notation of Ice Class 1A, meet Tier III emission requirement, and are designed to be Methanol Ready," FKAB said.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 513.00 | 3.00 | 649.50 | 1.00 |
| Rotterdam | 506.50 | 0.50 | 646.50 | 0.50 |
| Houston | 526.00 | 4.50 | 681.50 | 7.00 |
| Fujairah | 514.00 | 5.50 | 739.00 | 1.00 |
| Global 20 Ports Average | 559.00 | 6.00 | 757.50 | 3.00 |
| Global 4 Ports Average | 515.00 | 3.50 | 679.00 | 1.50 |
| Global Average Bunker Price | 605.00 | 6.00 | 797.50 | 5.50 |
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