World News
CCEC and CMA CGM Form Joint Venture to Build LNG Bunkering Vessel
Gas shipping firm Capital Clean Energy Carriers (CCEC) and container shipping company CMA CGM have formed a joint venture to build and operate an LNG bunkering vessel.
The new company will be owned equally by the two firms and will oversee the construction, chartering and operation of a 20,000 m3 dual-fuel LNG bunkering vessel, CCEC said in a press release on Friday.
The joint venture has ordered the vessel from China's Nantong CIMC Sinopacific Offshore & Engineering for $82.8 million, with delivery scheduled for the third quarter of 2028.
The vessel will be CCEC's first dedicated marine fuel supply ship, marking the company's entry into the LNG bunkering market.
Once delivered, the vessel is expected to operate under a 12-year time charter with a joint venture between CMA CGM and the French energy company TotalEnergies.
“This joint venture marks CCEC’s entry into LNG bunkering — a natural extension of our gas platform from carriage into marine fuel supply,” Jerry Kalogiratos, CEO of CCEC, said.
CMA CGM already operates a fleet of container ships capable of running on LNG. Last month, the company took delivery of its 24,212 TEU capacity dual-fuel LNG container ship.
The new bunkering vessel comes as the number of LNG-fuelled ships continues to grow, increasing demand for LNG marine fuel supply infrastructure worldwide.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 917.00 | 10.00 | 1295.00 | 34.00 |
| Rotterdam | 742.00 | 5.50 | 1435.50 | 54.00 |
| Houston | 765.00 | 2.00 | 1408.00 | 12.00 |
| Fujairah | 986.00 | 1.50 | 1725.50 | 38.50 |
| Global 20 Ports Average | 902.00 | 6.00 | 1547.50 | 29.50 |
| Global 4 Ports Average | 852.50 | 4.00 | 1466.00 | 34.50 |
| Global Average Bunker Price | 950.50 | 2.50 | 1606.00 | 21.00 |
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