World News
Maersk to Hold Naming Ceremony for Third Large Methanol-Fuelled Boxship
Thursday August 8, 2024
Container shipping and logistics firm AP Moller-Maersk is holding a naming ceremony for its third large boxship to run on methanol.
The company is holding a naming ceremony for the ship in Aarhus on Thursday, the company said in a LinkedIn post.
"This vessel is one of 18 large dual-fuel newbuilds capable of sailing on green methanol, scheduled for delivery between 2024 and 2025," the company said in the post.
Maersk has been a significant backer of methanol as a bunker fuel since announcing that all of its new ships would be capable of running on zero-carbon fuels. But on Wednesday the firm announced that some of its new ships would be running on liquefied gas instead, going back on previous skepticism towards LNG.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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